Equate’s Oyster Creek project wins top global honours

Equate’s Oyster Creek project wins top global honours

Kuwait-based Equate Group said one of its key developments, MEGlobal BookraMEG Oyster Creek, has been named the 2020 Best Project in the Industrial/Energy category by ENR Texas & Louisiana.

The project - nicknamed "BookraMEG“ (meaning "future MEG“) - is a world-scale 750,000 metric-ton-per-annum monoethylene glycol (MEG) and di-ethylene glycol facility (DEG) being built by

MEGlobal, a wholly-owned subsidiary of Equate at Dow's Oyster Creek site in Freeport, Texas. 

The new Oyster Creek MEG facility will be owned by MEGlobal and is the company's first manufacturing unit in the US.

The new MEGlobal plant will create 1,400 construction jobs at the project's peak, and the company will employ approximately 50 new workers when it goes on stream in mid-2019, said the statement from Equate.

In addition to being completed ahead of schedule, below budget and with an excellent safety record, it was the first time the Equate Group constructed a new EG facility in the US.

On the key achievement, Equate CEO Dr Ramesh Ramachandran said: "During a period when there was an extraordinary number of construction projects in the US Gulf Coast, MEGlobal was able to capitalize on the expertise of its shareholders and the collaboration of its contract partners."