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Leaders from Dow, PIC, and KPC (the Kuwait Petroleum Corporation, of which PIC is a subsidiary) meet to sign the contract establishing the MEGlobal joint venture.

MEGlobal

Dow and PIC combine experience and resources to emerge as major force in industry

MEGlobal is a world leader in the manufacture and marketing of merchant monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as ethylene glycol (EG). Established in July 2004, the company is a joint venture between The Dow Chemical Company and Petrochemical Industries Company of Kuwait (PIC), and is currently headquartered in Dubai, U.A.E. MEGlobal produces about 1.0 million metric tons per year of EG, and markets in excess of 2.5 million metric tons of EG per year. With approximately 200 employees worldwide, the company serves customers around the world, and has production facilities in Fort Saskatchewan and Red Deer, Alberta, Canada.

MEG and DEG

MEG is a versatile intermediate used in a wide variety
of end-use applications. MEGlobal produces and sells MEG for many uses, including the manufacture of polyester film, fiber and packaging applications, and
as the major component in antifreeze formulations.
DEG is used as a chemical intermediate for polyols
and unsaturated polyester applications. MEGlobal also sells the DEG produced in Dow’s plants in the United
States and Europe, and EQUATE Petrochemical Company and plans to sell the glycol produced by OPTIMAL Glycols.

The MEGlobal Advantage

With our size and resources, global reach, commitment to being our customers’preferred and low-cost provider, and dedication to maintaining a continuous, safe and reliable supply, MEGlobal has everything it takes to be a market leader in the EG industry.

 

Message from the CEO

“MEGlobal has established
a track record in its short period of existence, which proves that we have an excellent value proposition for our customers. MEGlobal is highly knowledgeable about the global and regional marketplaces and is able
to respond accordingly. MEGlobal offers supply security by being able to rely on our many sources of supply and has an ability
to optimize logistic opportunities to provide a high service level to meet
the needs of our various customer segments.”

“We will strive to continuously improve on all these deliverables and to pursue growth that offers our customers the opportunity
for growth. We define our success by the success
of our customers.”

Roth Signature

Henry F. Roth

President and CEO

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