Kuwait’ s Equate Petrochemical Co has chosen banks to arrange a $6 billion loan, about half of which will be used to pay for its acquisition of petrochemical company MEGlobal from Dow Chemical, sources with knowledge of the matter said on
MEGlobal has announced Niklaus Meier, controller and head of group control at Ciba in Switzerland, as chief financial officer (CFO).
Meier succeeds Werner Baur in the position, who is retiring from MEGlobal, the company said in stat
Leading ethylene glycol (EG) producer MEGlobal, a joint venture between Kuwait’s PIC and Dow Chemical has received its Responsible Care in-Place re-verification from the Chemistry Industry Association of Canada.
The verification is a rigor
Dow and MEGlobal, a joint venture between PIC and Dow Chemical, have won recognition as provincial leaders in environmental performance for their Fort Saskatchewan and Prentiss manufacturing sites in Canada.
The recognition has come throug
The Middle East market continues to be a desirable market for long-term growth due to rapidly developing regional economies and increased demand for petrochemical products, said an expert.
The global crisis is making conditions difficult f