In July 2004, The Dow Chemical Company (Dow) of the United States sold a 50 percent interest in its three Canadian ethylene glycol assets to Petrochemical Industries Company (PIC) of Kuwait. The two companies then placed their respective interests into the 50:50 joint venture, MEGlobal, a company solely focused on the production, sales and marketing of ethylene glycol. In 2015, Equate purchased MEGlobal from Dow and PIC.
Established in 1995 as Kuwait’s first international joint-venture, EQUATE Petrochemical Company (EQUATE) embodies its “Partners in Success” slogan through the partnership between Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Commencing production in 1997, EQUATE is currently the owner and single-operator of several fully integrated world-class petrochemical units, within the Greater EQUATE joint-venture, that annually produce over 5 million tons of the highest quality grades of Ethylene, Polyethylene (PE), Ethylene Glycol (EG), Polypropylene (PP), Styrene Monomer (SM), Paraxylene (PX), Heavy Aromatics (HA) and Benzene (BZ). The products are marketed throughout the Middle East, Asia, Africa and Europe. Alongside being a leading industrial organization, EQUATE dedicates its utmost commitment and care to overall sustainability wherever it operates in cooperation with public and private bodies, including employees, society and customers, in all relevant fields, such as human development, environment, education, health and public awareness. www.equate.com.
MEGlobal has built on a strong foundation of Six Sigma from its original parent companies, The Dow Chemical Company and Petrochemical Industries Company (PIC) of Kuwait, who also employ the Six Sigma methodology.