MEGlobal Ends Force Majeure for Monoethylene Glycol
and Diethylene Glycol

Midland, Michigan USA—January 23, 2008

MEGlobal Americas Inc. (MEGlobal) announced that—effective January 10, 2008—it ended the force majeure for Monoethylene Glycol (MEG) and Diethylene Glycol (DEG) for sales in the Americas. The company declared force majeure on October 15, 2007 in a period of already tight supply, due to a supplier’s unplanned plant outage and start-up delay.

MEGlobal has communicated this to its customers.

About MEGlobal

MEGlobal™ is a world leader in the manufacture and marketing of merchant monoethylene glycol and diethylene glycol, 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 and is headquartered in Dubai, United Arab Emirates. MEGlobal produces about 1.0 million metric tons per year of EG, and markets approximately 3.5 million metric tons of EG per year. With approximately 200 employees worldwide, MEGlobal serves customers around the world, and has production facilities in Fort Saskatchewan and Red Deer in Alberta, Canada. EG is used as a raw material in the manufacture of polyester fibers, polyethylene terephthalate resins (PET), antifreeze formulations and other industrial products.

For Editorial Information:

Virginia A. Diploudis
MEGlobal, Switzerland
+41 44 728 2917