MEGlobal announced its August 2014 Asian Contract Price (ACP) for monoethylene glycol (MEG) of US$1150/MT CFR Asian main ports for arrival August 2014. In making this announcement, MEGlobal offered the following observations on the current market situation. The August 2014 ACP reflects high planned turnarounds in the near future, the unplanned turnarounds that have occurred recently and the net short term supply/demand consequences in the Asian market.

About MEGlobal

MEGlobalâ„¢ is a world leader in the manufacturing and marketing of ethylene glycol (EG) products. Established in July 2004, the company is a joint venture between The Dow Chemical Company and Petrochemical Industries Company of Kuwait. With approximately 200 employees worldwide, MEGlobal serves customers around the world, and has production facilities in Fort Saskatchewan and Prentiss 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 more information on the company, visit

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