EQUATE was established through a joint partnership between leaders in the petrochemicals industry, Petrochemical Industries Company (PIC), Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Through this partnership, EQUATE was set to focus on the production of ethylene, EG, polyethylene (PE), polyethylene terephthalate (PET), styrene monomer (SM), paraxylene (PX), heavy aromatics (HA) and benzene (BZ).

Today, EQUATE is a global producer of petrochemicals and the world’s second largest producer of EG, operating industrial complexes in Kuwait, North America and Europe that annually produce over 6 million tons. The Group employs more than 1,500 people worldwide and pursues sustainability wherever it operates through partnerships in fields that include the environment, economy and society.