EQUATE CEO Al Terkait named No.11 among Top 40 Power Players in world chemical business

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Date(s) - 13 December 2007
12:00 am

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Hamad al-Terkait, president and CEO of EQUATE Petrochemical Company secured 11th place in the Top 40 Power Players listing for the year 2007.

The 2007 ranking of the Top 40 power players in the chemical industry was published this week in ICIS Chemical Business. The listing includes industry leaders, association heads, politicians and legislators.

Last year, Al-Terkait was ranked as No.13 in ICIS inaugural Top 40 Power Players list published in December 2006.  According to ICIS, the ranking was made in order of their industry influence throughout 2007 as each one over the past year had a hand in significantly shaping chemical industry.

ICIS quoted as Hamad al-Terkait continues to play a key role in the development of the newly formed Gulf Petrochemicals and Chemicals Association (GPCA), of which he is vice chairman.  At the same time, he is managing the expansion of EQUATE, the Dow Chemical joint venture in Kuwait with Petrochemical Industries Co. (PIC). EQUATE is building a new cracker and world-scale ethylene glycol unit, as well as expanding polyethylene (PE) and adding ethyl benzene (EB), and styrene to its product slate.

On receiving the high-ranking recognition Al-Terkait thanked his management team and employees of EQUATE who transformed EQUATE to a world class Company.  It is noteworthy to mention that EQUATE recently has won the Amir of Kuwait’s distinguished award for the best plant in Kuwait.

Middle East executives feature highly in the ICIS analysis of the most influential executives in the industry,  Top of 40 key players list was Mohamed al-Mady, vice chairman and CEO of Saudi Basic Industries Corp (SABIC).  Abdallah Jum’ah, president and CEO of Saudi Arabia’s national oil company, Saudi Aramco was listed as No.13 in the list.