EQUATE Group:

    • 2017 net profit: USD 1.13 billion
    • Headquarters: Kuwait
    • Paid capital: Over USD 1 billion
    • Includes EQUATE Petrochemical Company (EQUATE) and its subsidiaries such as MEGlobal, as well as the Kuwait Olefins Company (TKOC)
    • In August of 2016, EQUATE Group became the first Kuwait-based petrochemical corporation to establish an industrial investment in the USA through constructing an EG plant on the US Gulf Coast in Freeport, Texas. The date of completion is set to be during 2019
    • In 2016, the Group became the first Kuwait-based organization to issue 144A bonds tradable in international stock exchanges
    • The first Middle East-based enterprise to benefit from US-based shale gas sources
    • The world’s second largest producer of EG
    • Grouping employees from over 20 countries
    • Major economic contributor across various business sectors with over USD 2 billion annually
  • 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 Complexes
    • USA
    • Canada
    • Germany
    • Kuwait
  • Offices:
    • USA
    • Germany
    • Kuwait
    • UAE
    • China

    EQUATE Petrochemical Company

    • Established: April 1995
    • Commenced production: November 1997
    • Kuwait’s first international petrochemical joint-venture (JV)
    • The world’s first company to have a financing structure that includes both conventional and Islamic tranches
    • The world’s first petrochemical company with a JV model that combines government, international investor and local private sector companies
    • Contributing to over 60% of Kuwait’s export value from non-oil sources
    • Supporting the growth of Kuwait’s plastics industry by over a 450% increase since 1998
    • Kuwait’s first manufacturer of Ethylene, EG and PE
    • Launched the Middle East’s first Plant Water Recycle Project
    • Established Kuwait’s first CO2 Recovery Projects
    • Kuwait’s first company to implement Six Sigma principles
    • Kuwait’s first organization to apply Highly Reliable Organization (HRO) standards
    • Kuwait’s first Responsible Care (RC) accredited and certified organization
    • Establishing one of Kuwait’s first Innovation Centers
    • One of the founding members of Gulf Petrochemicals & Chemicals Association (GPCA)
    • Single operator of EQUATE II that includes Kuwaiti companies producing Styrene Monomer (SM), Paraxylene (PX), Heavy Aromatics (HA), Benzene (BZ) and Polypropylene (PP).

    MEGlobal

    • Established: July 2004
    • Headquarters: Dubai, United Arab Emirates
    • Produces and markets over 2 million metric tons of EG
    • Manufacturing plants:
      • Fort Saskatchewan, Alberta, Canada: 450,000 MTA
      • Prentiss I, Red Deer, Alberta, Canada: 440,000 MTA
      • Prentiss II, Red Deer, Alberta, Canada: 450,000 MTA
      • Freeport, Texas, USA: 750,000 MTA (to be completed during 2019)
    • RC accredited and certified.