Date(s) - 25 August 2013
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Kuwait – August 25 – 2013 — EQUATE Petrochemical Company participated in a seminar by the American Institute of Chemical Engineers Kuwait University Student Chapter (AIChE) at Kuwait University.
During the seminar, EQUATE President & CEO Mohammad Husain said, “In terms of petrochemical production capacities in the Gulf, Kuwait has the fourth rank with six percent, while Saudi Arabia claims the lion’s share with 68%, followed by Qatar and Oman respectively. During 2012, Gulf nations accounted for 13% of the global petrochemical production.”
Husain added, “Success is not only about making profits and executing set plans, as it is the result of several factors, such as integration between all relevant elements to achieve sustainability.”
Husain explained, “While EQUATE is the first international petrochemical joint-venture in Kuwait and the entire Gulf, being established first does not mean superiority or instantaneous success. Significance is a result of sustainability with the participation of qualified human resources who represent the main cornerstone for any organization which should also have the ability for further development, tackling different challenges and dealing with all stakeholders by embodying the tagline of ‘Partners in Success’.”
Husain affirmed, “Through its distinguished human resources, especially Kuwaiti nationals, EQUATE has realized several international achievements, such as launching the Middle East’s first plant water recycling project and the first project in Kuwait for CO2 recovery, as well as being the first Kuwaiti organization to receive Responsible Care accreditation and certification.”
At the end of his participation, Husain addressed inquiries raised by AIChE members and other attendees regarding EQUATE and other relevant matters.
During the seminar, a number of students from Kuwait University’s College of Engineering & Petroleum College delivered a presentation on their internship at EQUATE.
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.