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). Headquartered in Dubai, United Arab Emirates, MEGlobal markets approximately 3.5 million metric tons of EG per year which is used as a raw material in the manufacture of polyester fibers, polyethylene terephthalate resins (PET), antifreeze formulations and other industrial products. With approximately 200 employees worldwide, MEGlobal operates production facilities in Fort Saskatchewan and Red Deer in Alberta, Canada. MEGlobal is a 50:50 joint venture between The Dow Chemical Company and Petrochemical Industries Company (PIC) of Kuwait. Further information can be found at www.meglobal.biz

For additional information, please contact us. In the United States, please contact Vanessa Horn, account director Gibbs & Soell Public Relations. Tel: +1 847 519 9150. Email vhorn@gibbs-soell.com