Home / Knowledge / News / Textiles / EQUATE declares official startup of new Olefins II Ethylene plant

EQUATE declares official startup of new Olefins II Ethylene plant

17
Dec '08
EQUATE Petrochemical Company announced the launch of commercial operations at the Olefins II Kuwait Program (OL2K) Ethylene Unit (EU2), which was achieved on November 20, 2008.

EQUATE's Board of Directors Chairman Yousef Al-Ateeqi said “With a total production capacity of 850,000 metric tons annually, the new unit's construction proved to be a challenging and rewarding project,” noting that the new unit is owned by The Kuwait Olefins Company (TKOC) and operated by EQUATE.

Al-Ateeqi added “This is an outstanding accomplishment and represents the culmination of efforts of over four years, starting with the project team grouping representatives from Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow) and EQUATE, along with Technip USA/Italy and its main subcontractor Consolidated Contractors Company and many other supporting subcontractors and individuals.”

Al-Ateeqi, who is also PIC's Deputy Managing Director for Olefins, noted “The EU2 project had an outstanding safety record with 16 million safe work hours.”

On his part, EQUATE's President & CEO Hamad Al-Terkait congratulated all teams who have contributed to this success, expressing utmost trust in the abilities of all individuals involved in the OL2K and EQUATE to fully execute this World Class project.

Al-Terkait added “This is a true historical moment for PIC, DOW, EQUATE, TKOC and all other stakeholders.”

The new unit is a critical part of the OL2K project and will provide the Ethyl Benzene-Styrene Monomer, expanded Polyethylene and Ethylene Glycol plants with Ethylene supplies.

Considered one of the world's leading companies in producing Polyethylene and Ethylene Glycol, EQUATE was established in 1995 and it is presently a joint venture between Petrochemical Industries Company (PIC), The Dow Chemical Company, Boubyan Petrochemicals Company and Qurain Petrochemical Industries Company. It commenced production in 1997 and currently provides markets in the Middle East, Asia, Africa and Europe with high quality petrochemical products.

EQUATE Petrochemical Company


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Sep 2020

Global economic forecast not as dark as earlier guess: IMF

Though the global economic outlook is not quite as dark as expected...

Pic: Edinburgh Woollen Mill

Fashion | On 26th Sep 2020

FRP appointed to value Peacocks, Edinburgh Woollen Mill

Edinburgh Woollen Mill Group CEO Philip Day has started the...

Pic: Shutterstock

Retail | On 26th Sep 2020

India plans retail trade policy, settling logistics policy

India plans to formulate a retail trade policy for which stakeholder...

Interviews View All

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Subrata Ghosh,

Subrata Ghosh

Nandan Denim, part of leading conglomerate Chiripal Group, commenced its...

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2020

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


Advanced Search