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 minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search