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Petroleum Economist reveals 2019 awards winners
The winners of the 2019 Petroleum Economist Awards were announced in London on 19 November
Energy Consultancy of the Year
Deloitte Consulting LLP
Petrochemicals Company of the Year
EQUATE
Downstream Initiative of the Year
Sadara Chemical Company
Exploration Company of the Year
Eni
Energy Company of the Year—small cap
Energean
Energy Company of the Year—mid cap
MOL Group
PR Company of the Year
Instinctif Partners
Legal Services Provider of the Year
Bracewell (UK) LLP
Energy Company of the Year—large cap
Total
PE Awards
28 November 2018
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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

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