EQUATE Fact Sheet

  • Full name: EQUATE Petrochemical Company.
  • Established: 1995.
  • Commenced production: 1997.
  • Headquarters: Kuwait.
  • Paid capital: Over KD 300 million (Over USD 1 billion).
  • Kuwait’s 1st international petrochemical joint venture.
  • Kuwait’s 1st petrochemical company to establish an industrial investment in the USA.
  • The world’s second largest producer of Ethylene Glycol (EG).
  • Current Shareholders:
    • Petrochemical Industries Company (PIC) with 42.5%
    • The Dow Chemical Company (Dow) with 42.5%
    • Boubyan Petrochemical Company (BPC) with 9%
    • Qurain Petrochemical Industries Company (QPIC) with 6%
  • Shareholders during 2001-2005:
    • Petrochemical Industries Company (PIC) with 45%
    • The Dow Chemical Company (Dow) with 45% (after fully acquiring UCC)
    • Boubyan Petrochemical Company (BPC) with 10%
  • Founding shareholders during 1995-2001:
    • Petrochemical Industries Company (PIC) with 45%
    • Union Carbide Corporation (UCC) with 45%
    • Boubyan Petrochemical Company (BPC) with 10%
  • Industrial operations in Kuwait, North America & Europe.
  • Workforce consisting of over 50% Kuwaitis.
  • Grouping employees from over 20 countries.
  • Kuwait’s 1st manufacturer of Ethylene, Polyethylene and Ethylene Glycol.
  • Launched Kuwait’s 1st CO2 Recovery Projects.
  • Launched the Middle East’s 1st Plant Water Recycle Project.
  • Kuwait’s 1st organization to implement Six Sigma principles.
  • Kuwait’s 1st organization to implement Highly Reliable Organization (HRO) standards.
  • Kuwait’s 1st Responsible Care (RC) accredited and certified organization.
  • Contributing with over 60% of Kuwait’s export value from non-oil sources.
  • Major economic contributor across various business sectors with over USD 2 billion annually.
  • Supporting the growth of the Kuwaiti plastics industry by over 400% increase since 1997.
  • Establishing one of Kuwait’s 1st Innovation Centers.
  • Owner and Single Operator of MEGlobal and Greater EQUATE JV producing a total of over 6 million metric tons annually (MTA) of:
    • Ethylene: 1.7 Million MTA
    • Polyethylene (PE): 825,000 MTA
    • EG: 1.2 Million MTA in Kuwait and 1.2 million MTA in Canada
    • Paraxylene (PX): 829,000 MTA
    • Styrene Monomer (SM): 450,000 MTA
    • Polypropylene (PP): 140,000 MTA
    • Benzene( BZ): 393,000 MTA
    • Heavy Aromatics (HA) : 80,000 MTA
  • One of the founding members of Gulf Petrochemicals & Chemicals Association (GPCA).