EQUATE Group Takes Kuwait-Based Ethylene Unit Offline

Press release

Published July 10th, 2017 - 07:36 GMT

EQUATE Group’s President & CEO, Mohammad Husain

The EQUATE Group, a global producer of petrochemicals, said today that it is taking an unplanned shutdown of its Ethylene Unit 2 (EU2) in Kuwait due to a technical issue.

The EU2 has a production capacity of 850,000 metric tons annually (MTA) and is owned by The Kuwait Olefins Company (TKOC), which is part of the EQUATE Group. The output of other units, such as Ethylene Glycol (EG) and Polyethylene (PE) in Kuwait, was also impacted by this development.

EQUATE Group’s President & CEO, Mohammad Husain said, “We are currently considering all the details and our preliminary assessment suggests resuming normal operations in about two weeks. Our priorities are simple, which are the safety of everyone and resuming operations at the earliest.”

Background Information

EQUATE Petrochemical Company

Established in 1995, EQUATE is a global producer of petrochemicals which participates in the creation of a better world, by providing reliable services and solutions, enabling global customers and stakeholders to grow and attain the success they seek. EQUATE’s shareholders are Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC), and Qurain Petrochemical Industries Company (QPIC).