II Confirmed: On May 7, 2003, PIC and Dow Chemical confirmed that the $2 bn Equate
II complex will be built at Shuaiba and will be fully integrated into Equate
Buhamrah, "what PIC and Union Carbide have succeeded in accomplishing with EQUATE
is to bring together the strengths, resources and capabilities of each to form what I believe is an unbeatable venture -- one that will be highly rewarding to each of the partners and for Kuwait and its people.
Al-Qattan served as EQUATE
VPTS from April 2002 until September 2009 when he was succeeded by Mohammad Al-Benali.
The financial advisers for Equate
were JP Morgan and Chemical Bank of the US and National Bank of Kuwait (NBK).
In appreciation for its sustainable development efforts, EQUATE
has earned His Highness the Amir Award for the Best Plant in Kuwait; Gold Award in Health, Safety and Environment (HSE) for Gulf private sector companies; the Award of Best Gulf Company in Recruiting Nationals; as well as Kuwait's CSR Award in the Industrial and Oil Sector.
Commencing production in 1997, Equate
has become the single operator of a fully integrated world-scale manufacturing facility producing over 5 million tons annually of quality petrochemical products which are marketed in Middle East, Asia, Africa and Europe.
The increased screen size, improved processor speed, and gray-scale features have given Equate
the power necessary to support all of those Excel-like features that customers require.
Solid achievements Al-Ateeqi said Equate
made solid achievements in various fields during the year, including registering over 15 million safe working hours, as well as launching the commercial operations of the new 600,000-tonne ethylene glycol unit and the 850,000-tonne ethane cracker.
However, KPC's top management is said to favour having a major international partner in Equate
II, with Dow Chemical being a strong candidate.
On the occasion of EQUATE
's sponsorship of Gulf Petrochemicals and Chemicals Association (GPCA) Fourth Supply Chain Conference in Dubai, EQUATE
President and CEO Mohammad Husain said "such exports have increased from only 10 million MT in 1999, which is an increase of over 250% in just 12 years with an average annual growth of exports by 5%.
Al-Shamary added that EQUATE
annually holds and organizes various training courses for its employees, contractors and plant visitors; adding that such courses include over 50 different programs with direct relevance to overall awareness, basic knowledge and specialized practices in the fields of EH&S.
Petrochemical said that it has temporarily shut down one of its ethylene glycol (EG) units with a total capacity of 550,000 MTA due to a recent blaze in the manufacturing unit.
Unicorp's net revenue interest would equate
to approximately 50% of the gross production.
On his part, EQUATE
Environment, Health & Safety (EH&S) Department Leader Yousef Hashem Al-Gharabally said "These 20 Million Safe Work Hours are the result of more than 36 months of dedicated efforts by EQUATE
's employees and contractors who deserve utmost congratulations as they have truly embraced safety as a priority.
Senior Executive for Corporate Communications & Government Affairs Abeer Al-Omar said, Sustainability is a critical objective within EQUATE
Corporate Strategy to ensure embodying our Partners in Success slogan with all relevant stakeholders, such as our employees, shareholders and communities as a whole.