A hydroxyether that is the ethyl ether derivative of ethylene glycol. 2 Ethoxyethanol, is a reaction product of ethylene oxide and Ethanol. 2 Ethoxyethanol also knon as Ethylene Glycol Monoethyl Ether . 2 Ethoxyethanol is chemically known as a Ethyl Glycol, 1-Ethoxy-2-hydroxyethene, Ethyl (2-hydroxyethyl) ether. Commercially it is known as a Ethyl Cellosolve, which is a trademark of Union Carbide. Ethylene Glycol Mono Ethyl Ether is an excellent solvent for the various resins & paste etc.