Established in 1995, EQUATE is a global producer of petrochemicals which participates in the creation of a better world, by providing reliable services and solutions, enabling global customers and stakeholders to grow and attain the success they seek. EQUATE’s shareholders are Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC), and Qurain Petrochemical Industries Company (QPIC).
EQUATE sets a leading example for best business practices and pioneering international achievements, as well as benefitting from the advantages of combining innovation and industrial expertise with competent human resources, technological breakthroughs, rich feedstock and valuable infrastructure.
Commencing production in 1997; EQUATE is currently the owner and single-operator of several fully integrated world-class petrochemical complexes in Kuwait, North America and Europe that annually produce over 6 million tons of the highest quality grades of Ethylene, Ethylene Glycol (EG), Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Styrene Monomer (SM), Paraxylene (PX), Heavy Aromatics (HA) and Benzene (BZ). The products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa.
Fully operated by EQUATE, the Greater EQUATE joint-venture includes The Kuwait Styrene Company (TKSC), Kuwait Paraxylene Production Company (KPPC) and The Kuwait Olefins Company (TKOC) under one fully integrated operational umbrella at Kuwait’s Shuaiba Industrial Area.
By acquiring MEGlobal in 2015, EQUATE is now the world’s second largest producer of EG. The combined entity will benefit from significant economies of scale with a larger and more diversified distribution platform through Kuwait, Germany, Canada, and the United States. Furthermore, it will result in an optimized cost structure with multiple points of access to feedstock from sources in North America and the Middle East with improved operational efficiency.
During 2016, EQUATE reached another milestone by being the first Kuwaiti petrochemical company to establish an industrial complex in the USA and the first in the Middle East to benefit from USA-based shale gas. Located in Freeport, Texas, the new facility – to be completed during 2019 – will increase EQUATE’s Monoethylene Glycol (MEG) capacity by 750,000 metric tons annually (MTA) and enhance EQUATE’s global presence to meet customer needs.
In 2016, EQUATE became the first Kuwaiti company to issue 144A transaction bonds that are tradable in the USA at a value of $2.25 billion. The bond issuance is considered the largest ever in Kuwait’s history and it is the Arabian Gulf’s largest bond issuance since 2014. This is following EQUATE’s securing investment grade ratings by S&P (BBB+) and Moody’s (Baa2), two of the largest independent rating agencies.
EQUATE’s solid international expertise and exceptional performance in production, marketing, logistics, customer service and other fields are the direct result of over 1,200 employees representing over 25 nationalities from around the world with Kuwaitization exceeding 50%. This diversity of exceptional human capital made up of innovative solid competencies are the core of EQUATE’s performance excellence.
As the first Kuwaiti organization to adopt Six Sigma methodology and Highly Reliable Organization (HRO) principles, EQUATE’s human capital have proven their innovative capabilities, admirable dedication and global achievements. In addition, EQUATE is one of the first Kuwaiti corporations to establish Innovation Centers to encourage original thinking.
Six Sigma methodology is a set of techniques and tools for process improvement to deliver the best possible results while minimizing cost, time and effort. HRO is about overcoming all risks and challenges through the integrated reliability of the human capital, equipment and process to ensure overall success.
By providing exceptional customer service, EQUATE is renowned for its long-standing relations, innovative solutions and high quality products for its clients around the world.
EQUATE produces a wide range of PE from linear low-density (LLDPE) to high molecular weight high-density (HDPE), which are marketed by EQUATE Marketing Company (EMC), a partnership between PIC and Dow. In addition, EMC handles the sales of SM from Greater EQUATE facilities.
EQUATE also manufactures premium quality Monoethylene Glycol (MEG) and Diethylene Glycol (DEG) that are marketed by our wholly-owned subsidiary, MEGlobal.
Furthermore, EQUATE is the single operator of facilities producing PP, HA and PX which are marketed by PIC, while BZ is used in manufacturing SM.
Safety and environment are top priorities for EQUATE, which resulted in it becoming the first accredited and certified Responsible Care (RC) organization in Kuwait.
Kuwait’s first seawater-cooling towers were established by EQUATE to protect the marine life and water recycling on-site. In addition, EQUATE has launched many major initiatives, such as the Middle East’s first plant water recycle project and Kuwait’s first CO2 recovery plant.
In accordance with the requirements of RC, as well as ISO 9001 and ISO 14001, EQUATE upholds the highest standards of environmental, health and safety practices in its operations. Safety of employees, suppliers, customers and the community always comes first.
As a leading industrial organization, EQUATE dedicates its utmost commitment and care to overall sustainability wherever it operates. In cooperation with public and private bodies, including employees, the society and customers, EQUATE continues launching initiatives in all relevant fields. These domains include human development, environment, education, health, as well as public awareness. Such a focus on sustainability has made EQUATE an inspiring role model within and outside Kuwait.
EQUATE is also making a significant economic contribution to the Kuwaiti economy and the global petrochemical industry. Ethylene-based products from EQUATE now account for over 60% of Kuwait’s export value from non-oil sources. By spending over $2 billion annually in several fields, EQUATE also plays a positive role in local and global business sectors. Since commencing its operations in 1997, EQUATE has contributed significantly to the growth of the Kuwaiti plastics industry by over 400%.
In recognition of its sustainability milestones, EQUATE has earned several prestigious national and international honors for industrial distinction; sustainability achievements; corporate leadership; Environment, Health & Safety (EH&S) excellence; Corporate Social Responsibility (CSR) initiatives; world-class partnerships; strategies for developing national human resources; and other relevant awards.
Success alone has never been EQUATE’s only objective; partnership and teamwork are main pillars of our corporate culture. The overall sustainability of our workforce, shareholders, customers, suppliers and surrounding communities are the main element of EQUATE’s success. EQUATE will continue its growth through being “Partners in Success” with all stakeholders.