Equate starts up Kuwait Olefins II EG plant

29 August 2008 03:20  [Source: ICIS news]

SINGAPORE (ICIS news)--Equate Petrochemical Co said late on Thursday that The Kuwait Olefins Co (TKOC) has started commercial operations at its new ethylene glycol (EG) production plant in Shuaiba, Kuwait.

The plant is a part of a $2.9bn (€1.97bn) Olefins II JV between Kuwait’s Petrochemical Industries Co (PIC), US-based Dow Chemical and the investment arm of the Kuwaiti government. PIC and Dow are also the major shareholders of Equate.

“We are proud to have achieved our plans on time and in accordance to the company’s overall strategy”, said Hamad Al-Terkait, CEO of Equate.

The plant has a total production capacity of 600,000 tonnes/year and is the largest single EG plant to utilize Dow’s METEOR technology.

MEGlobal will market all production from the new plant and will direct sales throughout its marketing channels.

($1 = €0.68)

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By: Bohan Loh
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