Date(s) - 26 November 2013
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EQUATE hosts insurance companies
Kuwait, November 26, 2013 — EQUATE Petrochemical Company hosted a number of local and international insurance and reinsurance companies.
During a tour hosted by EQUATE at Greater EQUATE petrochemical installations in Shuaiba Industrial Area, EQUATE President & CEO Mohammad Husain said, “Insurance and reinsurance companies are partners in the company’s achievements within a true framework of ‘Partners in Success’ at several levels.”
Husain noted, “Such partnership has contributed in one the largest ever insurance deals for Kuwait’s industrial private sector with the participation of major local and international insurance bodies.”
Husain explained “In addition to owning to a number of units producing ethylene, polyethylene and ethylene glycol, EQUATE is also the single operator of Greater EQUATE, which includes Kuwait Paraxylene Production Company (KPPC), The Kuwait Styrene Company (TKSC) and The Kuwait Olefins Company (TKOC) under one fully integrated operational umbrella at Kuwait’s Shuaiba Industrial Area.”
In addition, the event included a presentation and tour of Greater EQUATE, which were attended by members of EQUATE senior management, leaders and employees, as well as delegates representing the insurance companies.
Established in 1995, EQUATE is an international joint venture between Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Commencing production in 1997, EQUATE is the single operator of a fully integrated world-scale manufacturing facility producing over 5 million tons annually of high-quality petrochemical products which are marketed throughout the Middle East, Asia, Africa and Europe.