Production began in 1997; Equate is the owner and single operator of several world-class petrochemical complexes in Kuwait, North America and Europe. , Paraxylene (PX), Heavy Aromatics (HA), Benzie ((Bsed).Products are marketed in Asia, US, Europe, Middle East and Africa.
EQUATE is a wholly owned and operated Greater Equate joint venture comprising of Kuwait Styrene Company (TKSC), Kuwait Paraxylene Production Company (KPPC) and Kuwait Olefins Company (TKOC).
By acquiring MEGlobal in 2015, EQUATE is now the second largest EG manufacturer in the world.
The combined entity will benefit from a substantial economy with a broad and diverse distribution platform through Kuwait, Germany, Canada and the United States. In addition, it can result in an optimized cost structure that delivers multiple points to the feedstock from sources in North America and the Middle East with improved operational efficiency.
In 2016, Equate reached another milestone when it became the first Kuwait petrochemical company to set up an industrial complex in the USA and the first in the Middle East to utilize US-based shale gas. The new facility, located in Freeport, Texas – completed in 2019 – will increase EQUATE’s monoethylene glycol (MEG) capacity by 750,000 metric tons per annum (MTA) to meet EQUATE’s global presence.
As a leading industrial organization, EQUATE dedicates its absolute commitment and care to overall sustainability wherever it operates. In partnership with public and private organizations, including employees, society and customers, EQUATE continues to launch initiatives in all relevant areas. These domains include human development, environment, education, health and public awareness. Such attention to sustainability has set an inspiring example both within and outside Kuwait.
Equate is an important economic contributor to the Kuwait economy and the global petrochemical industry. Ethylene-based products from equity now account for 60% of Kuwait’s export value from non-oil sources. By spending $ 2 billion annually on sectors, Equate plays a positive role in local and global business. Since its inception in 1997, Kuwait has contributed more than 400% to the growth of the plastics industry.
In recognition of its sustainable milestones, Equate has garnered numerous national and international accolades for its industry distinction; Sustainability benefits; Corporate leadership; Environment, Health and Safety (EH)