Equate Petrochemical Company of Kuwait has delivered some 450,000 tonnes of polyethylene to the country’s manufacturers over the past 17 years, its chief stated.

President and chief executive Mohammed Hussain, addressing 20 Kuwait plastic manufacturers, said Equate’s local customers contributed to the company’s success.

The gathering discussed a variety of economic, industrial, technical and market trends and provided the manufacturers a key opportunity to boost their ties with Kuwait and understand issues confronting them.

“Our local customers represent key stakeholders in reflecting our ‘Partners in Success’ slogan through a culture of innovation and continuous collaboration,” said Hussain.

“Their growth and success are primary strategic objectives for Equate to ensure overall sustainability in the industrial sector as a whole, as well as the plastics industry in specific. From 1998 to 2015, the annual production of Made in Kuwait plastics has increased by over 450 per cent.

“All of these facts and figures prove the significant contribution of the local plastic industry, supported by the petrochemical sector, to ensure the diversification and advancement of the Kuwaiti economy.”

Equate Polyethylene’s business director Ahmad Al Saleh said: “Over the past five years, we have witnessed tangible growth in demand, exceeding 55 per cent, for plastic products in multiple value-added applications, such as flexible and rigid food packaging, as well as industrial packaging.” 

The company, which started production in 1997, is currently the owner and single-operator of several fully integrated world-class petrochemical units, within the Greater Equate joint-venture.

These produce over 5 million tonnes of ethylene, polyethylene, ethylene glycol, polypropylene, styrene monomer, paraxylene, heavy aromatics and benzene.