EQUATE sponsors GPCA forum
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.