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MEGlobal to build MEG plant on Dow’s Freeport site; Dow’s new cracker 40% complete
HOUSTON, March 22, 2016 (PCW) -- MEGlobal said Tuesday it would build a new world-scale monothethylene glycol (MEG) plant at Dow’s Oyster Creek site in Freeport.
The $1 billion plant is expected to come online in mid-2019; its feedstock will come Dow’s new 3.3 billion lb/yr cracker at Freeport.
Dow’s cracker is about 40% complete and is expected to start in 2Q 2017. Dow will also complete ethane feedstock flexibility for its 1.75 billion lb/yr ethylene cracker at the Plaquemine, Louisiana, site, which will be in service in the second half of this year.
MEGlobal had been a 50-50 joint venture between Dow and Equate Petrochemical until last December. Dow sold its stake to Equate for $1.5 billion, although it still has a 42.5% share in MEGlobal through its ownership interest in Equate. Equate is a joint venture between Petrochemical Industries, Boubyan Petrochemical and Qurain Petrochemical Industries. -- Samantha Hartke