“I started with EQUATE a few years ago and have made huge strides in my career. The work culture here is demanding and challenging, but what we learn and how it positions us in our profession is the most valuable experience I could ask for.”

“I started with EQUATE a few years ago and have made huge strides in my career. The work culture here is demanding and challenging, but what we learn and how it positions us in our profession is the most valuable experience I could ask for.”

Kuwait, 13 December 2018 — The EQUATE Group, a global producer of petrochemicals, announced the successful completion of an amendment and extension exercise on its $1.9 billion Term Loan and $1 billion Revolving Credit Facility (“RCF”).

The Group worked with its existing relationship banks to extend the tenor on its Term Loan and RCF by 2 years. The Term Loan maturity has been extended from June 2021 to June 2023 and the RCF maturity has been extended from June 2020 to June 2022. The RCF has two further extension options.

The EQUATE Group CFO Dawood Al-Abduljalil said, “We are very pleased to successfully and efficiently complete this amendment and extension exercise. We are especially proud of our great banking relationships and the EQUATERs without whom this exercise would not have completed”.

Through this tenor extension exercise, the Group has been able to take advantage of strong bank market conditions to optimize its maturity profile. Furthermore, the Group has also been able to achieve considerable pricing reduction.

The EQUATE Group appointed Citi and SMBC as Coordinators to assist in running the amendment and extension exercise. The banks on the transaction include:

Coordinators:

• Citi
• SMBC

Bookrunners and Mandated Lead Arrangers:

• BTMU
• Citi
• FAB
• Mizuho
• SMBC

Mandated Lead Arrangers:

• National Bank of Kuwait
• Kuwait Finance House

Lead Arrangers:

• HSBC
• Intesa
• JP Morgan

About EQUATE Group:

The EQUATE group (comprising EQUATE Petrochemical Company K.S.C.C., its subsidiaries, and The Kuwait Olefins Company K.S.C.C.) (the “EQUATE Group” or the “Group”) is a global producer of petrochemicals and the world’s second largest producer of ethylene glycol (EG). The Group owns and operates industrial complexes in Kuwait, North America and Europe that annually produce over 6 million tons of ethylene, EG, polyethylene (PE), polyethylene terephthalate (PET), styrene monomer (SM), paraxylene (PX), heavy aromatics (HA) and benzene (BZ). The Group’s products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa. 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). Employing more than 1,500 people worldwide, the EQUATE Group is a leading enterprise that pursues sustainability wherever it operates through partnerships in fields that include the environment, economy and society. Visit www.equate.com for more information.

Disclaimer:

This press release is for information only. EQUATE Group does not make any representation regarding, and assumes no responsibility or liability (however arising and regardless of nomenclature) for, the accuracy or completeness of, or any errors or omissions in, any information contained in the release and assumes no obligation to update any information. Nothing in this press release shall be considered or in any way construed as an offering of, or an invitation to subscribe in, securities.

For inquiries:

Ali Al-Hamad

alhamaay@equate.com

+965 97228611

Diana Kaadan

dkaadan@impactecho.com

+965 95553867

Kuwait, 12 December 2018 — As part of development through joint training, the 4th Intellectual Property (IP) Awareness Workshop was organized by the Gulf Petrochemicals & Chemicals Association (GPCA) in collaboration with SABIC and EQUATE Petrochemical Company, a global producer of petrochemicals, during December 12 and 13, 2018.

The two-day workshop is aimed at promoting awareness about the practice and implementation of IP. Attendees discussed important issues related to IP, such as applications and disclosures, as well as strategies in protecting IP within the region and around the world.

The Secretary General of GPCA Dr. Abdulwahab Al-Sadoun said, “The GCC chemical industry’s patent applications have increased significantly over the years, reaching close to 2,400 in 2017. Over the past decade, the number of chemical patents obtained in the region grew by 6% per annum, almost on par with global growth of 5.6%. This trend is an indication of the industry’s continuous drive towards innovation and the need to create awareness about the importance and protection of IP.”

“In line with this, GPCA is proud to be organizing the 4th edition of the IP Awareness Workshop, dedicated to the practice and implementation of IP and best in class strategies for protecting it within the region and the world. Special thanks goes to our partners EQUATE and SABIC for their extensive support in making this another successful edition.” Al-Sadoun added.

On his part, EQUATE CFO Dawood Al-Abduljalil said, “IP is a key element of innovation in any industry that aspires to grow and develop by having new practices. Through the collaboration of various organizations from around the world, this forum is of essential significance in creating awareness about the importance and steps relevant to protecting intellectual property.”

This successful series of IP awareness workshops is attended by a number of professionals from the chemical and petrochemical industry, as well as IP strategists, lawyers, innovators, researchers, patent officers, marketing and business development practitioners.

Previous GPCA IP workshops were held in the UAE and Saudi Arabia. The workshop series aims to create awareness on this important topic amongst the regional industry and related value chain partners.

About the Gulf Petrochemicals & Chemicals Association

The Gulf Petrochemicals and Chemicals Association (GPCA) was established in 2006 to represent the downstream hydrocarbon industry in the Arabian Gulf. Today, the association voices the common interests of more than 250 member companies from the chemical and allied industries, accounting for over 95 percent of chemical output in the GCC. The industry makes up the second largest manufacturing sector in the region, producing over US$108 billion worth of products every year.

GPCA supports the petrochemical and chemical industry in the Arabian Gulf through advocacy, networking and thought leadership initiatives aimed at helping member companies to connect, share and advance knowledge, contribute to international dialogue, and become prime influencers in shaping the future of the global petrochemicals industry.

Committed to providing a regional platform for stakeholders from around the world, GPCA manages six working committees – Plastics, Supply Chain, Fertilizers, International Trade, Research and Innovation, and Responsible Care – and organizes six world-class events each year. The association also publishes an annual report, regular newsletters and various other industry reports.

For more information, visit www.gpca.org.ae.

About the EQUATE Group:

The EQUATE Group is a global producer of petrochemicals and the world’s second largest producer of ethylene glycol (EG). The Group owns and operates industrial complexes in Kuwait, North America and Europe that annually produce over 6 million tons of ethylene, EG, polyethylene (PE), polyethylene terephthalate (PET), styrene monomer (SM), paraxylene (PX), heavy aromatics (HA) and benzene (BZ). The EQUATE Group includes EQUATE Petrochemical Company (EQUATE), The Kuwait Olefins Company (TKOC), as well as a number of subsidiaries such as MEGlobal and Equipolymers. Their products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa. The Group’s shareholders are Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Employing more than 1,500 people worldwide, the EQUATE Group is a leading enterprise that pursues sustainability wherever it operates through partnerships in fields that include the environment, economy and society. Visit www.equate.com for more information.

For inquires:

Ali Al-Hamad

alhamaay@equate.com

+965 97228611

Diana Kaadan

dkaadan@impactecho.com

+965 95553867

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LACOMBE, ALBERTA, CANADA – MEGlobal Canada ULC. Is proud to announce a $2 million investment in the expansion of the MEGlobal Athletic Park in Lacombe, Alberta to enable the park to add track and field facilities, improve spectator areas and enhance the existing field house.
The investment comes as part of a long-term partnership with the Lacombe Athletic Park Association (L.A.P.A.) and project supporters the City of Lacombe, Lacombe County and Wolf Creek Public Schools.
As part of the agreement, MEGlobal will retain naming rights to the park until 2040.
Rocco Schurink, Vice President of Operations for MEGlobal Canada, said MEGlobal’s contribution to the park is part of the company’s Focus 2020 Sustainability goals and ongoing commitment to community sustainability.
“MEGlobal is extremely excited to support this expansion because MEGlobal Athletic Park not only provides our schools, other local teams and community groups with a state-of-the-art athletic facility for sports and other activities, but it also provides a significant economic contribution to the whole region,” he said. “It is a gem for our community and a great source of pride for our employees and local residents.”
The park currently consists of all-weather playing field, basketball court, field house, seating and lighting. It hosts hundreds of sporting events annually, as well as concerts and other community activities. In 2017, an estimated 75,000 people attended the park as athletes and fans, as well as for community events.
Bruce Miller, Vice Chair of the L.A.P.A., said the expansion is the result of stakeholder meetings and rising park needs.
“There are now several groups that are committed to completing the original dream for the park to include an international regulation track and all the field event facilities and the need now justifies the project, so we are thrilled to be able to expand the facilities to accommodate that growth and add new features,” said Miller. “It’s thanks to our great partnerships with MEGlobal, the City, the County and the School Division that we are able to move forward on this expansion. Each organization understands the value of their investment as we provide access to an amazing facility and promote recreational, health and economic benefits in our community.”
Work on the expansion of the field house and spectator enhancements is expected to begin in spring of 2019, and the track with field event facilities would be constructed in 2020.
The MEGlobal contribution was approved by the EQUATE Board of Directors at their meeting in September, 2018.
“EQUATE is extremely proud to support this vital community investment by MEGlobal Canada,” said Dr. Ramesh Ramachandran, President and CEO of The EQUATE Group. “MEGlobal Athletic Park creates a place where athletic pursuits intersect with community engagement, creating an economic engine for the Central Alberta region for the benefit of players, families and community members throughout the area. On behalf of all EQUATERs, I would like to extend my appreciation to the L.A.P.A, City, County and Schools for their partnership and vision.”
More information about the MEGlobal Athletic Park is available at www.lacombeathleticpark.ca.

About MEGlobal
MEGlobal is a global leader in the manufacture and marketing of ethylene glycol (EG). With a worldwide network, MEGlobal markets its products throughout Asia, the Americas, Europe and the Middle East. MEGlobal embraces the principles of Responsible Care®, focusing on the safety of employees, neighbors, communities and the environment in every aspect of its operations. As a subsidiary of EQUATE Petrochemical Company (EQUATE), MEGlobal is part of the EQUATE Group which is the world’s second largest producer of EG. Visit www.meglobal.biz for more information.

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Kuwait and Dubai, 28 November 2018 — On November 26, 2018, EQUATE Group, a global producer of petrochemicals, sponsored the 13^th annual Gulf Petrochemicals & Chemicals Association (GPCA) Forum, in support of the pioneering role of the Arabian Gulf’s industrial sector. The forum was held in Dubai and lasted for 3 days. A large number of industrial leaders and professionals from across the globe attended the big event.

The forum focused on various elements highlighting the transformation of the global petrochemical industry. With the industry’s vital role in energy supply and increasing energy demands, the petrochemical industry is becoming one of the fastest-growing industries in the world. The industry’s success has provided the GCC nations with great economic contributions.

EQUATE Group’s vision surely reflects high ambitions to be achieved. EQUATE Senior Vice President Naser Aldousari said, “As a global enterprise, EQUATE launched its 2025 Sustainability Strategy that is linked to the United Nations’ 17 Sustainable Development Goals (SDGS) and the Kuwait National development plan 2035. We firmly believe that sustainability is a key component for growth through creating added value by focusing on the environment, economy and society.”

Aldousari assured that EQUATE plays a big role in the industry’s transformation process. “EQUATE’s contribution to this transformation is clear through our recent launch of Viridis 25 that represents a breakthrough technology by providing a new food-grade polyethylene terephthalate (PET) using up to 25% chemically recycled PET bottles as feedstock, which is the highest ratio achieved so far worldwide.”

He added, “As the first Middle East-headquartered enterprise to benefit from US-based shale gas sources, our ethylene glycol (EG) plant on the US Gulf Coast is scheduled to begin production during the fourth quarter of 2019 with a total capacity of 750,000 tons annually.”

It’s worth highlighting that EQUATE took its participation plan even further this time by sponsoring a professor along with a number of students from the College of Engineering & Petroleum at Kuwait University to have the opportunity to attend the forum and add to their experiences through interacting with other delegates. The initiative is part of a Memorandum of Understanding (MOU) that was signed with the university for partnership and collaboration in industrial and academic fields.

The 13th Annual GPCA Forum is held in Dubai, UAE, during November 26 to 28, 2018. The forum gathers over 2,000 top executives from petrochemical and chemical companies as well as government bodies and other entities from around the globe to discuss various topics. www.gpcaforum.net

The EQUATE Group is a global producer of petrochemicals and the world’s second largest producer of ethylene glycol (EG). The Group owns and operates industrial complexes in Kuwait, North America and Europe that annually produce over 6 million tons of ethylene, EG, polyethylene (PE), polyethylene terephthalate (PET), styrene monomer (SM), paraxylene (PX), heavy aromatics (HA) and benzene (BZ). The EQUATE Group includes EQUATE Petrochemical Company (EQUATE), The Kuwait Olefins Company (TKOC), as well as a number of subsidiaries such as MEGlobal and Equipolymers. Their products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa. The Group’s shareholders are Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Employing more than 1,500 people worldwide, the EQUATE Group is a leading enterprise that pursues sustainability wherever it operates through partnerships in fields that include the environment, economy and society. Visit www.equate.com for more information.

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 250 member companies from the chemical and allied industries, accounting for over 95% of chemical output in the Arabian Gulf region. The industry makes up the second largest manufacturing sector in the region, producing over USD 108 billion worth of products a year. www.gpca.org.ae.

For inquiries:

Ali Al-Hamad

alhamaay@equate.com

+965 97228611

Diana Kaadan

dkaadan@impactecho.com

+965 95553867

View related images

لوريم إيبسوم(Lorem Ipsum) هو ببساطة نص شكلي (بمعنى أن الغاية هي الشكل وليس المحتوى) ويُستخدم في صناعات المطابع ودور النشر. كان لوريم إيبسوم ولايزال المعيار للنص الشكلي منذ القرن الخامس عشر عندما قامت مطبعة مجهولة برص مجموعة من الأحرف بشكل عشوائي أخذتها من نص، لتكوّن كتيّب بمثابة دليل أو مرجع شكلي لهذه الأحرف. خمسة قرون من الزمن لم تقضي على هذا النص،لوريم إيبسوم(Lorem Ipsum) هو ببساطة نص شكلي (بمعنى أن الغاية هي الشكل وليس المحتوى) ويُستخدم في صناعات المطابع ودور النشر. كان لوريم إيبسوم ولايزال المعيار للنص الشكلي منذ القرن الخامس عشر عندما قامت مطبعة مجهولة برص مجموعة من الأحرف بشكل عشوائي أخذتها من نص، لتكوّن كتيّب بمثابة دليل أو مرجع شكلي لهذه الأحرف. خمسة قرون من الزمن لم تقضي على هذا النص،

لوريم إيبسوم(Lorem Ipsum) هو ببساطة نص شكلي (بمعنى أن الغاية هي الشكل وليس المحتوى) ويُستخدم في صناعات المطابع ودور النشر. كان لوريم إيبسوم ولايزال المعيار للنص الشكلي منذ القرن الخامس عشر عندما قامت مطبعة مجهولة برص مجموعة من الأحرف بشكل عشوائي أخذتها من نص، لتكوّن كتيّب بمثابة دليل أو مرجع شكلي لهذه الأحرف. خمسة قرون من الزمن لم تقضي على هذا النص،

لوريم إيبسوم(Lorem Ipsum) هو ببساطة نص شكلي (بمعنى أن الغاية هي الشكل وليس المحتوى) ويُستخدم في صناعات المطابع ودور النشر. كان لوريم إيبسوم ولايزال المعيار للنص الشكلي منذ القرن الخامس عشر عندما قامت مطبعة مجهولة برص مجموعة من الأحرف بشكل عشوائي أخذتها من نص، لتكوّن كتيّب بمثابة دليل أو مرجع شكلي لهذه الأحرف. خمسة قرون من الزمن لم تقضي على هذا النص،

أطلقت إيكويت أول مشروعين في الكويت يهدفان إلى استعادة ثاني أكسيد الكربون وإعادة استخدامه لأغراض صناعية.