MEGlobal, a wholly-owned subsidiary of EQUATE Petrochemical Company, plans to construct a new world-scale monoethylene glycol (MEG) manufacturing facility at Dow’s Oyster Creek site in Freeport, Texas. The new Oyster Creek MEG facility will be owned by MEGlobal and is the Company’s first manufacturing unit in the United States.
MEG is used in a number of market applications, including polyester fibers, polyethylene terephthalate (PET) bottles and packaging, antifreeze and coolants, paints, resins, deicing fluids, heat transfer fluids and construction materials.
Additionally, the new site will benefit through a long-term ethylene supply agreement with Dow from its new ethylene cracker. Dow’s new ethylene cracker is part of the existing infrastructure that makes the Dow Texas Operations attractive for locating the new MEG plant on the U.S. Gulf Coast. Construction continues to progress on the site, with the cracker more than 40 percent complete and on track for start-up in the second quarter of 2017.