02 February 2009 12:13 [Source: ICIS news]SINGAPORE (ICIS news)--Equate Petrochemical Co (EQUATE) is now the single operator of the assets of The Kuwait Olefins Company (TKPC), The Kuwait Styrene Company (TKSC) and Kuwait Paraxylene Production Company (KPPC), it said in a statement on Monday.
The company coined the name “Greater Equate” for the single operational umbrella under which TKPC, TKSC and KPPC will be run.
“Greater Equate” is neither a corporate entity or joint venture and is merely a name for the project under which 5m tonnes of petrochemical products will be produced annually, EQUATE told ICIS news.
Equate is a joint venture between Kuwait's Petrochemical Industries Co (PIC) and US chemicals major Dow Chemical, with each owning a 42.5% stake. Local investors hold the balance of the ownership.To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|