Groundbreaking by Equate of new world-scale ethylene glycol facility at Freeport, Texas

12-Aug-16

Kuwait's Equate Petrochemical Company continued its global growth through its wholly owned subsidiary MEGlobal with the groundbreaking of a new world-scale ethylene glycol (EG) manufacturing facility in Freeport, Texas, USA. With this plant, EQUATE is the first Kuwaiti petrochemical company to invest in the USA. EQUATE is the world’s second largest EG producer with 12% of the global market share.
The new facility, to be completed in 2019, will increase EQUATE’s monoethylene glycol (MEG) capacity by 750,000 metric tpa. The plant will utilize Dow’s METEOR technology as part of its production process.
EQUATE President & CEO Mohammad Husain said, “Building on our acquisition of MEGlobal during 2015, this step is part of our strategic expansion plans as an international petrochemical enterprise. The new facility will benefit from overall integration in terms of low cost advantaged shale-gas, strategic location, feedstock availability and operational excellence. The new plant will enable us to meet rising demand for EG throughout the world, especially in the USA and Asia. We are pleased to be the first Kuwaiti petrochemical company to have an industrial investment in the USA through this EG facility.”