EQUATE has finalized polyethylene capacity increase project

EQUATE Petrochemical Company, Kuwait’s first international joint venture in this industry, is participating in International Trade Fair for Plastics and Rubber (K 2016), which is considered the world’s biggest event of its type.

K 2016 is taking place in Dusseldorf, Germany, during October 19-26.

EQUATE President & CEO Mohammad Husain said, “Throughout the years, EQUATE’s overall performance has been focused on Quality, Reliability, Sustainability, Growth and Partnership.  These elements have truly made us ‘Partners in Success’ with our customers in many countries around the world. EQUATE continues to actively support its valued customers through a variety of high quality products and services with unparalleled supply reliability and innovative technical solutions. With our polyethylene (PE) products being utilized in several food packaging, industrial, agricultural and other key applications, EQUATE’s participation in K 2016 is a reflection of the international role by Kuwait’s industrial sector.”

Husain added, “As a global petrochemical producer, EQUATE has recently completed its PE Debottlenecking Project, which aims at increasing our PE production capacity from 825,000 metric tons annually (MTA) to almost 1 million MTA . It is one of many examples of our continuous partnership with customers and other stakeholders that reflect ‘We Care. We Deliver’.”

Husain said, “Through our 100%acquisition of MEGlobal during 2015, EQUATE is currently the world’s second largest producer of ethylene glycol (EG) with a 12% of the global market share. During 2019, we will increase our EG capacity by 750,000 MTA once our USA Gulf Coast plant is completed.”

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.

In addition to Husain, EQUATE is represented at K 2016 by its Senior VP Ramesh Ramachandran, EQUATE Polyethylene Business Director Ahmad Al-Saleh, as well as a number of EQUATE leaders and employees.

EQUATE’s participation at K 2016 included a display stand that is designed as a bee hive to showcase the company’s Mission of “Maximizing stakeholders value by providing quality products and services to our customers”  envisaged from its overall Quality, Reliability, Sustainability, Growth and Partnership. The unique exhibit stand is welcoming the event’s over 200,000 visitors from more than 60 countries.