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Equate backs petchem forum in Dubai

DUBAI, November 28, 2016

Equate Petrochemical Company, a global producer of petrochemicals, is supporting the ongoing 11th Annual Gulf Petrochemicals & Chemicals Association (GPCA) Forum as part of its contribution to the growth and progress of the industrial sector.

The event which opened yesterday (November 27) will conclude tomorrow (November 29), at the Madinat Jumeirah, Dubai, UAE.

The forum is being attended by top executives from petrochemical and chemical companies, as well as government bodies and other entities to discuss various topics.

As part of its participation in the event for the 11th year, Equate sponsored a professor and students from the College of Engineering & Petroleum at Kuwait University to attend the event and interact with other delegates, said a statement.

The company’s sponsorship of the professor and the students for this event and other previous GPCA activities is part of the memorandum of understanding (MoU) signed with the college during 2008 for overall partnership in industrial and academic fields, it said.

During the exhibition on the sidelines of the forum, the company hosted a number of prominent figures in the petrochemical industry, energy and economic sectors. Its participation included a display stand welcoming the event’s over 2000 participants from around the globe, it added.

Equate president and CEO Mohammad Husain, said: “During 2015, the Arabian Gulf’s petrochemical production exceeded 144 million tonnes, which increased from almost 137 million tonnes in 2014. Such rates prove this region’s status as a global petrochemical production hub.”

Husain, who is also a GPCA board member, said: “Petrochemicals remain the Gulf’s second main source of income after oil. For this industry to continue its positive contribution, it requires sustainability and innovation through advanced solutions, high-quality products and top in-class services.”

“The petrochemical industry still faces the same challenges of fluctuating prices due to supply and demand, feedstock availability, adequate infrastructure and, most important, specialized human capital,” he said.

“Regardless of these challenges, our company continues its efforts as petrochemical company with operations in Kuwait, North America and Europe. Such a focus on our values of trust, sustainability, reliability and innovation have enables us to become the world’s second largest Ethylene Glycol (EG) producer,” he added.

“At the same time, we are currently the only Middle Eastern company that has been successful to access US shale gas resources,” he concluded. – TradeArabia News Service




Tags: | Dubai | forum | petchem | Equate |

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