MEGlobal to build $1bn US petrochemical plant

MEGlobal has confirmed plans to build a monoethylene glycol plant on Dow Chemical’s Oyster Creek site in Freeport, Texas, in what would be the firm's first manufacturing plant in the US. The plant is expected to cost over $1 billion (£700 million) and will employ around 50 new workers once operational in 2019.

Monoethylene glycol is used to make antifreeze, polyester fibres and plastics, including poly(ethylene terephthalate) or PET – commonly used to make plastic drinks bottles. Dow’s new ethylene cracker on the site will supply feedstock for the MEGlobal plant.

MEGlobal president, Ramesh Ramachandran, said in a statement: ‘The Oyster Creek site provides MEGlobal with greater flexibility to satisfy our customers’ needs for consistent and reliable delivery of ethylene glycol products, especially in the growing US and Asian markets.’

Related Content

Dow backs off of Kuwaiti joint ventures

5 November 2015 Business

news image

EQUATE will acquire MEGlobal as part of Dow’s restructuring of its Kuwaiti joint ventures

Booms and bust-ups

9 January 2015 Business

news image

Chemicals industry roundup 2014

Most Commented

WHO clarifies glyphosate risks

23 May 2016 Business

news image

UN and WHO panel conclude the herbicide glyphosate is ‘unlikely’ to cause cancer at realistic exposure levels

Crawling chemical system acts as if it’s alive

24 May 2016 Research

news image

Intriguing globule that moves, eats and defecates