- In March 2025, BASF, a global leader in chemicals, announced the launch of a new Monoethylene Glycol (MEG) production process aimed at reducing carbon emissions by utilizing sustainable feedstocks. This innovative process significantly lowers the carbon footprint of MEG production, aligning with the industry's growing push toward sustainability. BASF’s initiative is expected to provide a more eco-friendly option to the market, catering to the rising demand for sustainable chemical solutions across industries, including food and beverage, textiles, and automotive
- In February 2025, Shell Chemicals revealed its expansion of the Monoethylene Glycol production capacity in Asia. This expansion is part of Shell’s strategy to meet the growing demand for MEG in the region, driven by increased industrialization, urbanization, and the rising demand for products like polyethylene terephthalate (PET) used in food packaging. The enhanced production facility aims to provide a more reliable supply of MEG, supporting the rapid growth of industries in Asia-Pacific
- In January 2025, Sinopec, a leading Chinese state-owned petroleum and petrochemical enterprise, announced the completion of a new MEG plant in China’s Guangdong province. This plant is designed to provide high-purity MEG for various applications, including in the production of textiles, packaging materials, and automotive parts. The facility is expected to boost Sinopec’s share in the global MEG market, particularly catering to the rapidly growing demand in the Asia-Pacific region
- In December 2024, Dow Chemical Company introduced a new MEG production process that uses renewable bio-based feedstocks. This innovative production method is designed to produce MEG more sustainably, reducing dependency on petroleum-based resources and lowering overall environmental impact. Dow’s move aligns with the broader trend toward bio-based chemicals and is part of the company's strategy to strengthen its sustainability credentials in the global chemicals market
- In November 2024, LyondellBasell Industries unveiled its new MEG recycling technology, which aims to reduce waste and enhance the circular economy in the chemicals sector. This new technology enables the recycling of MEG from post-consumer PET bottles and other plastic waste. By utilizing this innovative process, LyondellBasell aims to reduce plastic waste and contribute to the sustainability goals of the global petrochemical industry while meeting the growing demand for recycled MEG in packaging applications
