Equate Petrochemical Company K.S.C.C.

Exporter · Kuwait

Petrochemicals Manufacturing – Ethylene glycol, polyethylene, styrene monomer, paraxylene, aromatic derivatives, and rel

About Equate Petrochemical Company K.S.C.C.

Equate Petrochemical Company K.S.C.C., established in November 1995, is a major global producer based in Kuwait, manufacturing petrochemicals like ethylene glycol (EG), polyethylene (PE), styrene monomer (SM), paraxylene (PX), benzene, and heavy aromatics. As of 2023, Equate reported revenues of US $3.135 billion with a net income of US $308 million and EBITDA of US $862 million. The company operates industrial complexes in Kuwait, North America, and Europe—becoming the second-largest ethylene glycol producer globally after acquiring MEGlobal in 2015—which added facilities in Germany, Canada, the USA, Singapore, Mexico, China, and Brazil. It is a strategic joint venture owned by Petrochemical Industries Company (PIC), The Dow Chemical Company, Boubyan Petrochemical Company, and Qurain Petrochemical Industries. Equate is credit-rated “BBB+” by S&P and “Baa2” by Moody’s; it pioneered 144A bonds issuance in Kuwait with US $2.25 billion raised in 2016.