Warren Buffett’s $1 Billion EV Bet

Celanese Corporation ($CE) is a company you’ve probably never heard of. It’s boring. It makes complex industrial products. And it’s never featured on financial news outlets.

Yet, it’s also a business Warren Buffett is buying.

Buffett’s Berkshire Hathaway bought over $1 billion dollars of Celanese Corporation this year. Possibly as a safe play on green energy and electric vehicles.

In this article, we’ll look at what the business does and why Warren Buffett thinks it’s an attractive investment.

What Does Celanese Corporation Do?

Celanese is an industrial material manufacturer that makes polymers, acetyls, and acetates.

Unless you’re a chemist, this may sound boring or confusing.

But to simplify things, Celanese makes plastic and plastic-like materials.

They also make specialty chemicals that are used as ingredients in larger formulations and products. To give one example, Celanese’s “sorbic acid” and “potassium sorbate” compounds both prevent microbial spoilage. These two additives are used in everything from cosmetic…