MEGlobal Announces ACP for November 2016
Dubai, U.A.E.—October 12, 2016

MEGlobal announced its November 2016 Asian Contract Price (ACP) for monoethylene glycol (MEG) of US$810/MT CFR Asian main ports for arrival November 2016. In making this announcement, MEGlobal offered the following observations on the current market situation. The November 2016 ACP reflects the short term supply/demand situation in the Asian market.

About MEGlobal
MEGlobal is a world leader in the manufacture and marketing of merchant monoethylene glycol and diethylene glycol (EG). Established in July 2004, MEGlobal is a wholly-owned subsidiary of EQUATE Petrochemical Company and is headquartered in Dubai, United Arab Emirates. With approximately 200 employees worldwide, MEGlobal serves customers around the world, and has production facilities in Fort Saskatchewan and Prentiss, 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, visit www.MEGlobal.biz.

For Editorial Information:
Ali Al-Hamad
Corporate Communications Executive
Office:  +965 2576 5696
Mobile: +965 9722 8611
Email: alhamaay@equate.com