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Date(s) - 04 May 2015
12:00 am
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EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, sponsored the 7th Gulf Petrochemicals & Chemical Association (GPCA) Supply Chain Conference 2015.EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, sponsored the 7th Gulf Petrochemicals & Chemical Association (GPCA) Supply Chain Conference 2015.
As part of its participation in the conference, EQUATE sponsored a number of professors and students from the College of Engineering & Petroleum at Kuwait University to attend the event and interact with other delegates.
EQUATE President & CEO Mohammad Husain said, “The Gulf’s total exports of petrochemicals and chemicals exceeded 65 million tons during 2014, in comparison to less than 36 million tons in 2006. The Gulf exports 80% petrochemical and chemical production.”
Husain, who is also a GPCA Board Member and heads the association’s Supply Chain Committee, added, “During 2013, the biggest export destination of the Gulf’s petrochemicals and chemicals is Asia with nearly 60%, followed by Europe with almost 13%.”
Husain explained, “Despite increasing exports of petrochemicals, which form the second main source of income after petroleum for Gulf countries, the industry is still facing serious supply chain challenges relevant to port congestions, inadequate infrastructure and instability of market conditions. Thus, devising innovative solutions to overcome such challenges is a priority for this conference with the participation of GPCA members, industrial experts and Kuwait University to embody our slogan ‘Partners in Success’. ”
As part of the conference’s activities, EQUATE Senior Executive for administration & Corporate Services Abeer Al-Omar participated in a workshop on “Women Empowerment in the GCC” and delivered a presentation on “Future Supply Chain Capability Development.”
The GPCA Supply Chain Conference, now in its 7th edition, is held at Dubai’s Intercontinental Festival City from May 3- 5, 2015. Held on the theme of ‘Strengthening the Supply Chain Backbone – Paving the Way Forward for 2020’, the conference gathers top executives from petrochemical companies, ports, consultancies and customs authorities to explore strategies that improve accessibility to and from the GCC that help the region achieve its developmental goals.
Established in 1995, EQUATE Petrochemical Company 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. www.equate.com.
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 240 member companies from the chemical and allied industries, accounting for over 95% of chemical output in the Gulf region. The industry makes up the second largest manufacturing sector in the region, producing up to US$102billion worth of products a year. www.gpca.org.ae.