EQUATE spon­sors GPCA fo­rum

Kuwait Times - - FROM THE ARABIC PRESS -

EQUATE Petro­chem­i­cal Com­pany, a global pro­ducer of petro­chem­i­cals, spon­sored the 11th An­nual Gulf Petro­chem­i­cals and Chem­i­cals As­so­ci­a­tion (GPCA) Fo­rum as part of its con­tri­bu­tion to the growth and progress of the in­dus­trial sec­tor.

EQUATE Pres­i­dent and CEO Mo­ham­mad Hu­sain said, “Dur­ing 2015, the Ara­bian Gulf’s petro­chem­i­cal production ex­ceeded 144 mil­lion tons, which in­creased from al­most 137 mil­lion tons in 2014. Such rates prove this re­gion’s sta­tus as a global petro­chem­i­cal production hub.”

Hu­sain, who is also a GPCA Board Mem­ber, noted, “Petro­chem­i­cals re­main the Ara­bian Gulf’s se­cond main source of in­come after oil. For this in­dus­try to con­tinue its pos­i­tive con­tri­bu­tion, it re­quires sus­tain­abil­ity and in­no­va­tion through ad­vanced so­lu­tions, high-qual­ity prod­ucts and top in-class ser­vices.”

Hu­sain ex­plained, “The petro­chem­i­cal in­dus­try still faces the same chal­lenges of fluc­tu­at­ing prices due to sup­ply and de­mand, feed­stock avail­abil­ity, ad­e­quate in­fra­struc­ture and, most im­por­tant, special­ized hu­man cap­i­tal. Re­gard­less of th­ese chal­lenges, EQUATE con­tin­ues its ef­forts as petro­chem­i­cal com­pany with operations in Kuwait, North Amer­ica and Europe. Such a fo­cus on our val­ues of Trust, Sus­tain­abil­ity, Re­li­a­bil­ity and In­no­va­tion have en­ables us to be­come the world’s se­cond largest Ethy­lene Gly­col (EG) pro­ducer. At the same time, EQUATE is cur­rently the only Mid­dle Eastern com­pany that has been suc­cess­ful to ac­cess USA shale gas re­sources.”

As part of its par­tic­i­pa­tion in the event for the 11th year, EQUATE spon­sored a pro­fes­sor and stu­dents from the Col­lege of En­gi­neer­ing and Petroleum at Kuwait Uni­ver­sity to at­tend the event and in­ter­act with other del­e­gates. EQUATE’s spon­sor­ship of the pro­fes­sor and the stu­dents for this event and other pre­vi­ous GPCA ac­tiv­i­ties is part of the Mem­o­ran­dum of Un­der­stand­ing (MoU) signed with the col­lege dur­ing 2008 for over­all part­ner­ship in in­dus­trial and aca­demic fields.

Dur­ing the ex­hi­bi­tion on the side­lines of the fo­rum, EQUATE hosted a num­ber of prom­i­nent fig­ures in the petro­chem­i­cal in­dus­try, en­ergy and eco­nomic sec­tors. EQUATE’s par­tic­i­pa­tion in­cluded a dis­play stand wel­com­ing the event’s over 2000 par­tic­i­pants from around the globe.

The 11th An­nual GPCA Fo­rum 2016 is held in Dubai, UAE, dur­ing Novem­ber 27-29. The fo­rum gath­ers top ex­ec­u­tives from petro­chem­i­cal and chem­i­cal com­pa­nies, as well as gov­ern­ment bod­ies and other en­ti­ties to dis­cuss var­i­ous top­ics.

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