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Overview
and Partners
World Class
EQUATE Petrochemical Company is a Kuwait-based producer of high-quality Polyethylene (PE), Ethylene Glycol (EG) and Styrene Monomer (SM).
Through a legacy of lasting Strong Bonds with customers and innovative business practices, EQUATE is a distinguished company that is a joint venture between The Dow Chemical Company (Dow), Kuwait's state-owned Petrochemical Industries Company (PIC), as well as Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC) representing Kuwait's emerging private sector.
Established in 1995, this groundbreaking international joint venture enjoys the advantages of combining Dow's leadership in industrial practices and cutting-edge technology with experienced and highly driven people, valuable infrastructure and feedstock provided by Kuwait.
Our People
EQUATE's greatest asset and the reason for its success are its people. With over 1,100 empowered employees, EQUATE has an enabling work environment with more than 20 nationalities providing diverse thinking in all businesses and functions. EQUATE has a strong blend of multi-national expertise in management, production, marketing, logistics, customer service and much more.
A Pioneer
EQUATE's state-of-the-art petrochemical complex is located at the Shuaiba Industrial Area in Kuwait, manufacturing quality products for customers throughout the Middle East, Europe, Asia and North Africa served via an efficient supply chain network.
EQUATE is also ideally positioned to fulfill mounting intercontinental demand for the highest quality and competitively priced petrochemicals. Its professional customer service organization using integrated IT systems enables customers to experience a smooth, seamless ordering process.
By utilizing the sophisticated UNIPOL© technology for PE and the Meteor© process for EG, EQUATE produces a number of PE product grades for a wide variety of applications, including packaging materials, blow molded bottles and containers. EG is used in polyester, PET bottles, automotive tires, seats and electrical insulation. While SM is a raw material that is further processed into a variety of plastics used in electrical and electronic appliances, packaging materials, insulation, automotive parts and many others.
EQUATE produces and its commercial face, the EQUATE Marketing Company (EMC), markets a wide range of PE from linear low density (LLDPE) to high molecular weight high-density resins (HDPE). Recently EMC has also begun selling SM produced from Greater EQUATE's expanded facilities. EQUATE also manufactures premium Monoethylene Glycol (MEG) and Diethylene Glycol (DEG) that are marketed by MEGlobal, another JV between Dow and PIC.
EQUATE's marketing strategy is centered on customer service excellence, forming an end-to-end product value chain and executing a "create, share and sustain value" philosophy with all its customers. To support its customer-oriented strategy, EQUATE has setup an extensive sales network with offices in the Middle East and East Asia where customers can receive all the necessary information and support for the products they purchase.
Promising Future
To meet ever-increasing worldwide demand for high-quality petrochemical products, EQUATE's shareholders have just completed a multi-billion expansion project which greatly increases the production capacities of PE and EG.
Emerging as Greater EQUATE, this $3 billion global-scale venture added SM to EQUATE's product slate. Paraxylene and Benzene, which is used to manufacture SM, are also produced at the same location from a new world scale Aromatics plant which is operated by EQUATE.
Production Capabilities
Polyethylene (PE): 825,000 tons/year
Ethylene Glycol (EG): 1,200,000 tons/year
Styrene Monomer (SM): 450,000 tons/year
Polypropylene (PP): 120,000 tons/year
Paraxylene (PX): 820,000 tons/year
Embracing Environment & Safety
The environment is also a major priority for EQUATE. A special cooling tower system was developed to prevent over-heating of the waters of the Gulf and to accommodate wastewater reduction & recycling on site. In addition, EQUATE has launched many major projects such as CO2 Emission Reduction, Energy Conservation and EQUATE Green initiative.
In accordance with the requirements of ISO 9001 & ISO 14001, EQUATE upholds the highest standards of environmental, health and safety practices in its operations. Safety for employees, suppliers, customers and the community always comes first. The Company has an enviable safety record with an outstanding world class Recordable Injury Rate. EQUATE is, by any standard, one of the safest operational plants in the world.
Embodying Sustainability
Hand in hand with being a leading industrial organization, EQUATE takes overall sustainability with the utmost seriousness and dedication. Its various professional development approaches, environmental initiatives, Corporate Social Responsibility (CSR) program, and educational development plans for employees and the greater community are making an impressive impact in Kuwait and beyond.
EQUATE is also making a notable 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. The Company also plays a positive role in Kuwait's business community by employing many local contractors in construction, logistics and maintenance operations.
In appreciation for its sustainable development efforts, EQUATE has earned His Highness the Amir Award for the Best Plant in Kuwait; Gold Award in Health, Safety and Environment (HSE) for Gulf private sector companies; the Award of Best Gulf Company in Recruiting Nationals; as well as Kuwait's CSR Award in the Industrial and Oil Sector. In addition, EQUATE has received the Highly Commended Best Community Program Award during the First Middle East CSR Award Summit.
Sharing Success
Success alone has never been EQUATE'S ambition. Sharing success with its partners, customers, suppliers, workforce and local communities is a key element of the Company's identity. To ensure a promising future for itself and all stakeholders, EQUATE will continue to execute its original Vision & Values with a combination of business growth, social responsibility and environmental excellence.
Our Shareholders
The Dow Chemical Company
Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress.
The Company delivers a broad range of products and services to customers in approximately 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products.
In 2008, Dow had annual sales of $57.4 billion and employed approximately 46,000 people worldwide. The Company has 150 manufacturing sites in 35 countries and produces approximately 3,300 products.
http://www.dow.com
Petrochemical Industries Company
Petrochemical Industries Company (PIC) is a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC). PIC was established by Amiri Decree in 1963 and commenced production in 1966, representing a first for Kuwait and the GCC region.
PIC is a leader in salt and chlorine production and its state-of-the-art complex employs the latest technology to meet international quality standards and specifications.
In 1976 the private sector equity of PIC was transferred to the State of Kuwait and upon its formation in 1980, KPC assumed full control and ownership of the company. PIC has a 42.4% stake in EQUATE.
http://www.pic.com.kw
Boubyan Petrochemical Company
Boubyan Petrochemical Company (BPC) was established in Kuwait following a 1995 Initial Public Offering (IPO) of shares. While BPC retains a broadly based portfolio of direct investments across the industrial sector, its primary focus remains on the chemical and petrochemical businesses. This includes a wholly owned subsidiary producing polyethylene film. BPC holds a 9% stake in EQUATE.
http://www.boubyan.com
Qurain Petrochemical Industries Company
Qurain Petrochemical Industries Company (QPIC) is a Kuwaiti company founded through an IPO in 2004. QPIC owns a 6% stake in EQUATE, making it the fourth partner in EQUATE's corporate shareholder structure.
http://www.qpic-kw.com
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