Date(s) - 17 April 2013
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Kuwait and Dubai — April 17 2013 EQUATE Petrochemical Company signed an accord with Gulf Cryo for Kuwait’s Second CO2 Recovery Project.
Gulf Cryo will obtain CO2 from EQUATE’s plants to be converted and used for industrial purposes.
On this occasion, EQUATE President & CEO Mohammad Husain said, “EQUATE’s collaboration with Gulf Cryo is a reflection of our tagline ‘Partners in Success,’ and it is an extension of EQUATE’s previous initiative of Kuwait’s First CO2 Recovery Project launched in 2008. This project is not only aimed at creating an added-value from the CO2, but is also a part of EQUATE’s sustainability driven efforts to protect and preserve Kuwait’s environment.”
On his part, Gulf Cryo CEO Naji Skaf explained, “EQUATE’s plants produce commercially viable amounts of gas daily. We capture the gas that contains raw CO2, then filter and purify it at our recovery plant which is situated close to EQUATE’s manufacturing complex. This process separates CO2 and other gases to enable us to liquefy pure CO2 which is required in many industries, such as food and beverage, welding and cutting and in the manufacture of dry ice.
Gulf Cryo is investing heavily in Kuwait’s Shuaiba Industrial Area with a pipeline that will deliver the product from EQUATE’s plants to Gulf Cryo’s production facilities.
This partnership further strengthens Gulf Cryo’s long standing relationship with EQUATE which commenced in 2004.
Gulf Cryo is a closed shareholding company operating in the industrial gas field in the Middle East, founded as the Kuwait Oxygen Company in 1953. Today Gulf Cryo comprises of 13 affiliated companies. It is the leading manufacturer and distributor of industrial, medical, food and speciality gases in the Middle East. Over time Gulf Cryo has secured a position offering total solutions in storage and delivery modes, as well as equipment rental. Currently Gulf Cryo operates in ten countries, including all of the GCC, Jordan, Syria, Egypt, Pakistan and Iraq. With advanced production facilities, it continues to build and maintain an edge in experience, knowledge and technical expertise. Website: www.gulfcryo.com.
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.