Dow and MEGlobal expand strategic ethylene supply agreement

Dow and MEGlobal expand strategic ethylene supply agreement

• Deal provides additional value to Dow and MEGlobal
• Agreement locks an additional equivalent to 100 KTA of ethylene supply at attractive economics for both parties
  

MIDLAND, MI - October 1, 2025 - Dow (NYSE: DOW) and MEGlobal, a global leader in the manufacture and marketing of ethylene glycol (EG) products, have finalized an agreement for Dow to supply an additional equivalent to 100 KTA of ethylene from its Gulf Coast operations.

The ethylene will serve as a key feedstock for MEGlobal's ethylene glycol (EG) manufacturing facility co-located at Dow's and MEGlobal's Oyster Creek site.

"Dow's low conversion costs and feedstock flexibility allow us to leverage cost-advantaged U.S. shale gas," said Isam Shomaly, Dow's Vice President of Feedstocks. "This expanded agreement with MEGlobal underscores our dedication to delivering additional value for our shareholders while continuing to reliably serve and innovate with our partners."

As a subsidiary of EQUATE Petrochemical Company (EQUATE), MEGlobal is part of the EQUATE Group which is the world's second largest producer of EG. Dow is a 42.5% shareholder in EQUATE. MEGlobal started up its world-scale EG manufacturing facility at its Oyster Creek site in 2019.

"MEGlobal's Oyster Creek site provides us with greater flexibility to serve our customers with consistent and reliable delivery of ethylene glycol products in the growing U.S. and Asian markets," said Scott Daigle, MEGlobal's U.S. Production Director.

EG is used in a number of market applications, including polyester fibers, polyethylene terephthalate (PET) bottles and packaging, antifreeze and coolants, paints, resins, deicing fluids, heat transfer fluids and construction materials.

About Dow Dow (NYSE: DOW) is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 30 countries and employ approximately 36,000 people. Dow delivered sales of approximately $43 billion in 2024. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting https://www.dow.com.

About MEGlobal
With a worldwide network, MEGlobal is a global leader in the manufacture and marketing of ethylene glycol (EG), marketing its products throughout Asia, the Americas, Europe and the Middle East. MEGlobal embraces the principles of Responsible Care®, focusing on the safety of employees, neighbors, communities and the environment in every aspect of its operations. As a subsidiary of EQUATE Petrochemical Company (EQUATE), MEGlobal is part of the EQUATE Group which is the world's second largest producer of EG.

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For further information, please contact:

Sarah Young Dow [email protected]