MEGlobal confident of September start for Texas EG plant, anxious about tariffs

摘要

MEGlobal, a wholly owned subsidiary of Equate Group (Kuwait City), says its greenfield 750,000-metric tons/year ethylene glycol (EG) plant at Freeport, Texas, will be mechanically complete the first week in September. “On-spec volumes will be shipped the first week of November,” says Ramesh Ramachandran, Equate president and CEO. In contrast to the confidence around schedules that are mostly under the company’s control, the near-term outlook for global EG markets remains less clear.