EQUATE Petrochemical Company signed the Middle East's first ever plant based water recycle deal with Aquatech. The deal is part of a comprehensive environmental project by EQUATE valued at over USD 11 million.
On this occasion, EQUATE VP Technical Services Mohammad Al-Benali said, "We are very pleased to have concluded the deal with Aquatech. This project, which is part of EQUATE Green Initiative, presents numerous benefits as it aims to reduce water consumption, as well as decrease the carbon emission associated with purifying water today. In fact, EQUATE signed the Gulf's first ever carbon reduction and capture deal in 2008."
Al-Benali added, "In addition, this project will set pioneering standards for environmental preservation and industrial practices throughout the Middle East. Such a step stems from EQUATE's continuous drive for overall sustainability through applying the principles of corporate social responsibility which considers environmental excellence a major priority. This project involves EQUATE identifying opportunities, finding solutions and managing all relevant issues, including the deal signed with Aquatech."
On his part, Aquatech's Managing Director Devesh Sharma said, "We are honored that EQUATE has shown full confidence in Aquatech's innovative technical capabilities and has selected us as partners towards this critical initiative. We want to be at the forefront in helping industries with their approach towards the environment, especially in conserving water through increased efficiency in consumption and maximization of recycling."