MEGlobal, a subsidiary of Kuwait’s Equate, has announced plans for a monoethylene glycol (MEG) facility at Dow Chemical Chemicals' Oyster Creek site in Freeport, Texas
The plant, which has an expected cost of over $1bn, would be the firm's first manufacturing facility in the US and is expected to employ around 50 new workers once operational.
It is due to go on stream in 2019 and will serve an ethylene supply agreement between Dow and its former subsidiary.
The site will “provide consistent and reliable delivery of ethylene glycol products, especially in the growing US and Asian markets," said Ramesh Ramachandran, MEGlobal CEO.
Dow said expansion of its ethylene cracker facility is more than 40% complete and on track for start-up in the second quarter of 2017.