MEGlobal to Build World-Scale Plant in Freeport, Texas

---

Researched by Industrial Info Resources (Sugar Land, Texas)--MEGlobal, a joint venture between Petrochemical Industries Companies (PIC) and EQUATE Petrochemical Company, plans to construct a world-scale monoethylene glycol (MEG) chemical plant next to Dow Chemical Company's (NYSE:DOW) (Midland, Michigan) Oyster Creek plant in Freeport, Texas. Although MEGlobal currently operates two plants in Canada, this will be its first plant in the U.S. The plant is expected to cost upwards of $1 billion to build. Jacobs Engineering Group Incorporated (NYSE:JEC) (Pasadena, California) is doing the front-end engineering and design (FEED) while MEGlobal seeks to hire an engineering, procurement and construction (EPC) company.

The MEG plant will be able to access feedstock from the new 2.6 billion pound-per-year ethylene unit being constructed by Dow Chemical in Freeport. The ethylene unit, known as LHC-9, has been under construction since the middle of 2014 and is expected to be completed by May 2017. Upon completion of Dow's ethylene unit, work is expected to start on the MEG plant in the middle of the 2017, with completion slated for 2019.

Industrial Info is currently tracking 63 capital projects with a total investment of almost $9.98 billion in Freeport, Texas. Many of these projects are new high-value units or plants in the chemical industry.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.