Date/Time
Date(s) - 28 August 2008
12:00 am

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Producing 600,000 tons annually

EQUATE declares official startup of new TKOC EG plant

EQUATE Petrochemical Company officially announced the beginning of commercial operations of The Kuwait Olefins Company (TKOC) new Ethylene Glycol (EG-2) production plant.

The plant has been under commissioning by Equate since last July, and with a production capacity of 600,000 metric tons annually (MTA), this new plant is the largest single EG plant of its kind to utilize Dow METEOR technology

EQUATE’s CEO Hamad Al-Terkait lauded this achievement “this is a great milestone for EQUATE, TKOC, customers, shareholders, and the entire EG market world-wide.”

Al-Terkait congratulated all individuals who contributed to this successful project, noting “We are proud to have achieved our plans on time and in accordance to the company’s overall strategy”.

MEGlobal, EQUATE’s sole EG distributor, will market all production from this unit and will be directing sales throughout its marketing channels.

In line with EQUATE’s business strategy and plans, EQUATE’s first EG unit was taken off-line to be started at a later date to be announced.

TKOC is part of the Olefins 2 Kuwait Program (OL2K) that has EQUATE as its single operator.

وتعتبر الشركة الكويتية للاولفينات جزءاً من مشروع الاولفينات الثاني في الكويت والذي تتولى شركة ايكويت مهمة تشغيله وإدارته