Kuwait's Equate Group opens ME Global factory in Texas
750,000 mtpa factory opened in collaboration with Equate's wholly owned subsidiary ME Global Americas Inc
Kuwait-based Equate Group has opened its ME Global factory in Texas through wholly owned subsidiary ME Global Americas Inc, with the facility set to produce monoethylene and diethylene glycol —products used for polyester fibers, polyethylene terephthalate (PET) bottles and packaging, antifreeze and coolants, paints, resins, deicing fluids, heat transfer fluids, and construction materials – with a production capacity of 750,000 metric tonnes per annum (mtpa) of ethylene glycol (EG).
The factory achieved more than three million safe man-hours during construction.
Equate’s president and chief executive officer, Ramesh Ramachandran, said the launch was a "major achievement" for Equate Group and would benefit both Kuwait and the US.
According to Kuwaiti state news agency, Kuna, he added: “With a growing global market for EG products, the factory will provide us with greater flexibility to satisfy our customers’ needs while capitalising on the US shale gas opportunity.
"This site builds on our global footprint and is part of our strategy to grow our value-added business as a leading ethylene glycol producer and supplier.”