Dow Chemical to Build New Petrochemical Plant in Freeport – 23 Mar 2016

A company partially owned by Dow Chemical confirmed Tuesday that it will build a petrochemical plant in Freeport at Dow’s Oyster Creek site as intended.

The facility, slated for completion in 2019, would produce monoethylene glycol that is used to make polyester, resins, fibers and liquids like antifreeze. The project will require 1,400 construction jobs and 50 permanent workers.

The project is led by the MEGlobal company that’s owned by the Greater Equate joint venture, in which Dow owns a 42.5 percent stake, although Dow intends to eventually lessen its ownership percentage. The other partners are Kuwait and the Kuwait-based Boubyan Petrochemical Co.