EQUATE re­sumes op­er­a­tions at Eth­yl­ene Unit in Kuwait

Kuwait Times - - BUSINESS -

KUWAIT: The EQUATE Group, a global pro­ducer of petro­chem­i­cals, an­nounced the suc­cess­ful restart of its Eth­yl­ene Unit 2 (EU2) in Kuwait, fol­low­ing a brief shut­down for tech­ni­cal rea­sons dur­ing last week.

EQUATE Group’s Pres­i­dent & CEO Mo­ham­mad Hu­sain said, “Op­er­a­tions at our EU2 have re­sumed nor­mally in record time fol­low­ing re­pairs. Both the Eth­yl­ene Gly­col (EG) and Polyethy­lene (PE) plants in Kuwait have re­turned to the usual pro­duc­tion lev­els as they were im­pacted by the tem­po­rary shut­down of EU2.”

The EU2 has a pro­duc­tion ca­pac­ity of 850,000 met­ric tons an­nu­ally (MTA) and is owned by The Kuwait Olefins Com­pany (TKOC), part of the EQUATE Group.

The ded­i­ca­tion and ef­forts of EQUATE Group’s em­ploy­ees were lauded by Hu­sain as op­er­a­tions were re­sumed within a time­frame less than the orig­i­nally planned two weeks and in ab­so­lute abid­ance to safety stan­dards. The EQUATE Group is a global pro­ducer of petro­chem­i­cals and the world’s sec­ond largest pro­ducer of Eth­yl­ene Gly­col (EG).

The Group has in­dus­trial com­plexes in Kuwait, North Amer­ica and Europe that an­nu­ally pro­duce over 5 mil­lion tons of Eth­yl­ene, EG, Polyethy­lene (PE) and Polyethy­lene Tereph­tha­late (PET). The prod­ucts are mar­keted through­out Asia, the Amer­i­cas, Europe, the Mid­dle East and Africa. The EQUATE Group’s share­hold­ers in­clude Petro­chem­i­cal In­dus­tries Com­pany (PIC), The Dow Chem­i­cal Com­pany (Dow), Boubyan Petro­chem­i­cal Com­pany (BPC) and Qu­rain Petro­chem­i­cal In­dus­tries Com­pany (QPIC). The Group is a lead­ing en­ter­prise that pur­sues sus­tain­abil­ity wher­ever it op­er­ates through part­ner­ships in fields that in­clude the en­vi­ron­ment, econ­omy and so­ci­ety.

The EQUATE Group in­cludes EQUATE Petro­chem­i­cal Com­pany (EQUATE), its sub­sidiaries and The Kuwait Olefins Com­pany (TKOC).

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