Date(s) - 28 December 2014
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Kuwait– EQUATE Petrochemical Company, Kuwait’s first international petrochemical joint-venture, announced its sponsorship of the Industrial Entrepreneurs project organized by Kuwait Industries Union (KIU).
EQUATE Vice President for Technical Services and head of its Corporate Social Responsibility (CSR) Team Mohammad Al Benali said, “Such an initiative for Industrial Entrepreneurs by KIU is a critical step that represents the principles and standards of partnership that EQUATE aspires to implement in all relevant fields to embody its tagline of ‘Partners in Success.’ This project manifests one of EQUATE’s strategic objectives as a national industrial organization, especially that petrochemical industries are a main component of Kuwait’s industrial sector and form the second main source of income, not only in Kuwait, but as a whole in all Gulf countries. Through this sponsorship, EQUATE aims at extending all support, cooperation and encouragement to participants in this project through their small-to-medium enterprises that have significant value in supporting the national economy for overall sustainability throughout Kuwait.”
Al Benali added, “This sponsorship is an extension of the strategic partnership between EQUATE and KIU in administrative, industrial, economic and other fields. For all that and more, I would like to take this opportunity to express my gratitude and appreciation to KIU Chairman Hussain Al-Kharafi, as well as the union’s entire management and all employees for their notable role in supporting national industries.”
The Industrial Entrepreneurs project includes a number of phases to evaluate, select and sponsor individuals with innovative added-value industrial ideas falling within small-to-medium enterprises to launch their own projects to be managed based on systematic and professional guidelines, in addition to forming partnership with relevant organizations. The project will include the participation of several experts in industrial, economic, academic and technical sectors to evaluate the projects and the prospective entrepreneurs to select the best ideas and individuals.
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.