LBC Tank Terminals (Mechelen, Belgium) and MEGlobal Americas, a subsidiary of MEGlobal—part of Equate Petrochemical (Ahmadi, Kuwait)—have finalized agreements for the design, engineering, construction, and operation of a tank storage terminal at Freeport, Texas. Construction commenced in August 2017, on receipt of the necessary regulatory permits, and the terminal is planned to be operational during 2019. Capacity figures and financial details regarding the investment have not been disclosed.
The terminal will mainly handle monoethylene glycol (MEG) and diethylene glycol. The facility will be constructed adjacent to a 700,000-metric tons/year MEG manufacturing plant that MEGlobal is building for completion in 2019, and connected by pipeline.
The terminal will be located on property owned by MEGlobal Americas and leased to LBC Freeport Terminal, an LBC subsidiary, LBC says. MEGlobal's new MEG plant is being constructed on property within Dow Chemical's Oyster Creek site at Freeport.
