Urgent Staff Recruitment at EQUATE – Apply Now
Starting generation in 1997; EQUATE is at present the proprietor and single-administrator of a few completely incorporated world-class petrochemical edifices in Kuwait, North America and Europe that every year produce more than 6 million tons of the most elevated quality evaluations of Ethylene, Ethylene Glycol (EG), Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Styrene Monomer (SM), Paraxylene (PX), Heavy Aromatics (HA) and Benzene (BZ). The items are showcased all through Asia, the Americas, Europe, the Middle East and Africa.
Completely worked by EQUATE, the Greater EQUATE joint-adventure incorporates The Kuwait Styrene Company (TKSC), Kuwait Paraxylene Production Company (KPPC) and The Kuwait Olefins Company (TKOC) under one completely coordinated operational umbrella at Kuwait’s Shuaiba Industrial Area.
By getting MEGlobal in 2015, EQUATE is presently the world’s second biggest maker of EG. The joined element will profit by critical economies of scale with a bigger and progressively expanded dispersion stage through Kuwait, Germany, Canada, and the United States. Moreover, it will bring about an enhanced cost structure with different purposes of access to feedstock from sources in North America and the Middle East with improved operational proficiency.
During 2016, EQUATE achieved another achievement by being the principal Kuwaiti petrochemical organization to set up a modern complex in the USA and the first in the Middle East to profit by USA-based shale gas. Situated in Freeport, Texas, the new office – to be finished during 2019 – will expand EQUATE’s Monoethylene Glycol (MEG) limit by 750,000 metric tons yearly (MTA) and improve EQUATE’s worldwide nearness to address client issues.
In 2016, EQUATE turned into the main Kuwaiti organization to issue 144A exchange bonds that are tradable in the USA at an estimation of $2.25 billion. The bond issuance is viewed as the biggest ever in Kuwait’s history and it is the Arabian Gulf’s biggest bond issuance since 2014. This is following EQUATE’s verifying investment grade evaluations by S&P (BBB+) and Moody’s (Baa2), two of the biggest autonomous rating offices.
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