EQUATE Petrochemical Company said that the global petrochemical industry was facing serious global challenges. Delivering the keynote address at PETCHEM Arabia in Bahrain, EQUATE President & CEO Mohammad Husain said, “The challenges are mainly relevant to the impact of gas development on the petrochemical industry, energy needs affecting the industry, qualified workforce and maintaining sustainable growth with high standards.”
Husain noted, “In light of growing demand and consumption of electrical power, there must be sufficient collaboration to ensure that such increasing energy needs do not hinder the petrochemical industry.”
Husain added, “Having a third ethane cracker in
In addition, Husain discussed a recent case study regarding the positive impact on the US economy if 25% of ethane was added to the system from newly discovered gas resources.Husain explained, “All development plans, regardless of their size, greatly depend on suitable infrastructure, feedstock availability, overall synergy between relevant sectors, and most important the qualified human resources.”
Established in 1995, EQUATE is an international joint venture between Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC).
EQUATE Petrochemical Company