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Related Keywords: ethylene supply agreement, help feed MEGlobal plant, irst manufacturing unit in the United states, MEG plant at Oyster Creek site, MEGlobal, new ethylene cracker, officially broken ground, polyester fibers, rising demand for ethylene glycol throughout the world, utilize Meteor process, wholly-owned subsidiary of EQUATE Petrochemical Company

MEGlobal, a wholly-owned subsidiary of EQUATE Petrochemical Company and fully integrated supplier of monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as ethylene glycol (EG) has officially broken ground on its new 750,000 t/y MEG plant at Dow’s Oyster Creek site in Freeport, Texas, USA. The new Oyster Creek MEG facility will be owned by MEGlobal and is the Company’s first manufacturing unit in the United States.

Related Keywords: a subsidiary of Equate Petrochemical Company, at Dow Chemicals site, Dow will provide feedstock, enhances global footprint, Equate Petrochemical Company, ethylene cracker, ethylene glycol products, ethylene supply agreement with MEGlobal, growth strategy to maximise value, in Oyster Creek, MEGlobal, plan to build new MEG production plant

MEGlobal, a subsidiary of Equate Petrochemical Company, plans to build a new monoethylene glycol (MEG) production plant at Dow Chemical's (Dow) site in Oyster Creek in Freeport, Texas, US. The operations of which will begin by 2019.

The proposed facility will be the company's first manufacturing plant in the US. During the construction phase, the project will add 1,400 jobs and upon completion MEGlobal expects to employ around 50 new workers.

Related Keywords: diethylene glycol, DOW, Dow Chemical Company, EQUATE, Kuwait Olefins Company, Kuwait Styrene Company, MEG, MEGlobal, mono ethylene glycol

Dow Chemical Company (DOW) will reconfigure and reduce its equity base in the MEGlobal and Greater EQUATE joint ventures, including The Kuwait Olefins Company (TKOC) and The Kuwait Styrene Company (TKSC) in line with its prior announcement to rationalize its investments in certain joint ventures.

Dow expects this transition to be completed by mid-2015. While Dow will retain a substantial stake in these partnerships, this effort will open opportunities for new investment in these successful and growing enterprises.