EQUATE was established in 1995 and began production in November 1997. The plant complex was officially inaugurated by H.H. Sheikh Jaber Al-Ahmad Al-Jaber Al-Sabah, the former Amir of Kuwait.

EQUATE is a value-based organization committed to achieving its vision through best business practices and international standards.

Existing Plants
Equate petrochemical company owns one of the best petrochemical production complexes worldwide in terms of the technology employed, production efficiency and safety standards at Shuaiba industrial area. The company produces the following materials:

Petrochemical Industries Company of Kuwait, (PIC), a wholly owned subsidiary of Kuwait Petroleum Corporation, and The Dow Chemical Company (Dow) are working to construct a new ethylene and derivatives complex in Kuwait, referred to as the Olefins II project. The project builds on the successful business relationship in EQUATE Petrochemical Company between PIC and Union Carbide Corporation (UCC), a wholly owned subsidiary of Dow. Following the groundbreaking ceremony in March 2005, the Olefins II project is being constructed on the site adjacent to EQUATE.
EQUATE will manage, operate and maintain the Olefins II facilities.

The Olefins II project encompasses three specific elements:

• A 850,000 metric ton Ethane cracker, owned by The Kuwait Olefins Company (TKOC)
• A 600,000 metric ton Ethylene Oxide/Ethylene Glycol plant using UCC's METEOR™1 Ethylene Oxide Technology, also owned by TKOC
• Expansion of the existing capacity of 600,000 metric ton per annum for Polyethylene by 225,000 per annum, using UCC's UNIPOL™ Polyethylene technology

In addition to Olefins II, PIC and Dow are building an Ethylbenzene/Styrene Monomer unit of 450,000 metric ton per annum. This plant, owned by The Kuwait Styrene Company (TKSC)**, will be supplied with Ethylene from Olefins II and Benzene from the Aromatics complex. The Aromatics complex is being built by Kuwait Aromatics Company.