KUWAIT, Oct 20 (KUNA) -- EQUATE Petrochemical Company has recently completed its PE Debottlenecking Project, which aims at increasing PE production capacity from 825,000 metric tons annually (MTA) to almost 1 million MTA, said President and CEO Mohammad Husain.
It is one of many examples of our continuous partnership with customers and other stakeholders that reflect 'We Care. We Deliver,' he added in a press release.
"Through our 100% acquisition of MEGlobal during 2015, EQUATE is currently the world's second largest producer of ethylene glycol (EG) with a 12 % of the global market share," Husain.
Husain noted that during 2019, they will increase EG capacity by 750,000 MTA "once our USA Gulf Coast plant is completed." He explained that EG is used in a number of market applications, including polyester fibers, polyethylene terephthalate (PET) bottles and packaging, antifreeze and coolants, paints, resins, deicing fluids, heat transfer fluids and construction materials.
"Throughout the years, EQUATE's overall performance has been focused on Quality, Reliability, Sustainability, Growth and Partnership. These elements have truly made us 'Partners in Success' with our customers in many countries around the world," Husain said.
Meanwhile, Husain announced that EQUATE is participating in International Trade Fair for Plastics and Rubber (K 2016), which is considered the world's biggest event of its type.
K 2016 is taking place in Dusseldorf, Germany, during October 19-26.
EQUATE's participation in K 2016 includes a display stand that is designed as a bee hive to showcase the company's Mission of "Maximizing stakeholders value by providing quality products and services to our customers" envisaged from its overall Quality, Reliability, Sustainability, Growth and Partnership." The unique exhibit stand is welcoming the event's over 200,000 visitors from more than 60 countries.
Established in 1995 as Kuwait's first international joint-venture in this industry, EQUATE Petrochemical Company (EQUATE) embodies its "Partners in Success" slogan through the partnership among Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Having commenced production in 1997, EQUATE is currently the owner and single-operator of several fully integrated world-class units in Kuwait, North America and Europe. (end) osj.abd.msa