Home / Knowledge / News / Textiles / 'Petrochemical firms facing stiff challenges' – Equate CEO
'Petrochemical firms facing stiff challenges' – Equate CEO
Dec '12

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 Kuwait will have several added-value returns including hiring around 160 employees; over 20% increase in procurement worth USD 185 million of which a good percentage can be done through local companies; not to mention increase the annual production polyethylene and ethylene glycol by over 400,000 metric tons and 700,000 respectively. These added-values can be created if we dedicate more ethane to the petrochemical industry.”

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

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search