EQUATE Supports GPCA PlastiCon 2017 Conference, Showcasing the Value Chain in the Plastics Industry
Supporting the developing value chain in the plastics industry, EQUATE Petrochemical Company, a global producer of petrochemicals, supported the Gulf Petrochemicals and Chemicals Association (GPCA) PlastiCon Conference 2017 for the eighth consecutive year, in which EQUATE’s President & CEO Mohammad Husain noted the importance of addressing trends to shift the Gulf countries into a healthy balance between exports and what is consumed regionally, redefining resources, increasing technological advancement and implementing steps that will help the region to flourish.
Husain said: “Today, the GCC is the leading global net exporter of polyolefin with net exports reaching 14.9 million tons in 2016, a volume that is expected to increase in the upcoming years. However, we have other challenges ahead of us. From urbanization, healthcare, energy efficiency, climate change to water deficit, these challenges require tailored solutions that bring new opportunities for a healthy balance. Solutions will in return diversify our economy, create job opportunities, open new markets and elevate our manufacturing standards.”
Husain delivered the keynote address on the future of the GCC Polymer Industry, saying that changes, initiatives and developments seen in the region are reaffirming the Polyolefin industry’s growth and are creating opportunities for future developments and constant innovations in the downstream business.
Taking example of the EQUATE model in supporting overall economic growth and sustainability, Husain added that strengths must be consolidated between the public and private sectors, and most importantly within the private sector. Through its full acquisition of the global Ethylene Glycol (EG) producer, MEGlobal, EQUATE propelled itself into global leadership as the world’s second largest EG producer, further confirming its position as a pioneer in petrochemicals.
The Company also supports research and knowledge sharing through the partnership with academic and research- institutions such as Kuwait University (KU), aiming for progress, innovation, sustainability and training of future professionals who will positively lead the industry. As part of the partnership, two students at the KU College of Petroleum and Engineering and a teaching assistant were invited to attend the conference for the opportunity to network with various delegates.
The EQUATE Group is a global producer of petrochemicals that creates a better world. The Group combines EQUATE Petrochemical Company (EQUATE), its subsidiaries and The Kuwait Olefins Company (TKOC). The EQUATE Group is the world’s second largest producer of Ethylene Glycol (EG) with industrial complexes in Kuwait, North America and Europe that produce Ethylene, EG, Polyethylene (PE) and Polyethylene Terephthalate (PET). The products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa. As a leading global enterprise, the EQUATE Group strongly pursues sustainability principles and best practices wherever it operates through partnerships with various stakeholders including employees and customers as well as societies as a whole in fields that includes human development, environment, education, health and public awareness. The EQUATE Group’s shareholders include Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). The Group provides reliable services and solutions that enables global customers and stakeholders to grow and attain the success they seek by being “Partners in Success.” www.equate.com
With EQUATE as one of its founding members, the Gulf Petrochemicals and Chemicals Association (GPCA) represents the downstream hydrocarbon industry in the Arabian Gulf. Established in 2006, the association voices the common interests of more than 240 member companies from the chemical and allied industries, accounting for over 95% of chemical output in the Gulf region. The industry makes up the second largest manufacturing sector in the region, producing up to US$108billion worth of products a year. www.gpca.org.ae
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