28 November 2018
Petrochemicals Company of the Year
EQUATE
EQUATE is a leading light in the global petrochemicals sector. Since the company was founded, EQUATE has supported the development of the plastics industry and seen demand grow by over 450pc. EQUATE contributes to over 60pc of the value of Kuwait’s non-oil exports and is the country’s leading manufacturer of ethylene, ethylene glycol (EG) and polyethylene (PE). The world’s second largest producer of EG, in Q218, the Kuwaiti firm reported its highest second quarter earnings in its history, and, by Q3, net income stood at $1.3bn, an increase of 44pc over the same period 2017. The year to date also witnessed the company reach a record-breaking EBITDA of $1.7bn, an increase of26pc over the first
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
