Billion-dollar plant to go up at Dow’s Freeport facility

​​​​​​FREEPORT – MEGlobal, a company partially owned by Dow Chemical Co. will build a new petrochemical plant at the chemical giant’s facility in Freeport, the Houston Chronicle reports.

The project is slated to cost upward of $1 billion and is expected to be completed in 2019.

It will connect to Dow’s new ethylene cracker facility at the Oyster Creek site in Freeport and will produce monoethylene glycol, which is used to make polyester, fibers and some liquids.

The ethylene cracker is slated to open next year and is part of Dow’s multibillion-dollar initiative to expand its operations along the Texas Gulf Coast.

Dow, which is in the process of merging with DuPont and splitting off into three entities, recently stressed its commitment to the region through the completion of the merger and afterward.

The company also recently opened its massive propylene production facility at the Oyster Creek site in Freeport and has poured billions into the Brazoria County area, most notably with the construction of its five-building research and development complex—the Texas Innovation Center.