Date(s) - 08 August 2010
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EQUATE Petrochemical Company and the College of Technical Studies of the Public Authority of Applies Education and Training (PAAET) signed on Sunday, August 8, 2010, a Memorandum of Understanding (MoU) covering cooperation in relevant academic and industrial affairs.
During the signing ceremony, EQUATE Chief Financial Officer Abdulkarim Mubarak said such an MoU is an extension of EQUATE’s positive role in developing all community matters related to EQUATE CSR Program aimed at ensuring and implementing overall sustainability, especially in educational, health, occupational and human resources.
Mubarak noted that EQUATE had previously signed similar scientific agreements with Kuwait University’s College of Business Administration along with the College of Engineering and Petroleum, as well as an agreement with Kuwait Institute for scientific Research (KISR).
Mubarak added that EQUATE also has an annual university scholarship program in cooperation with the Ministry of Higher Education, stressing that such accords are a manifestation of the company’s Valued Neighbor philosophy to create a true community partnership and generate the greatest added-value.
On his part, PAAT Director-General Dr. Yaqoub Al-Refae said the MoU is part of the authority’s role to provide the job market with the needed numbers of qualified technical manpower, as well as boosting overall cooperation with relevant industrial organizations throughout Kuwait, especially the hydrocarbon sector.
The MoU includes EQUATE handling the field training of the college’s students majoring in chemistry, developing the faculty’s labs, as well as holding joint events, such as workshops.
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.