(MENAFN - Kuwait News Agency (KUNA)) EQUATE petrochemicals company said, Tuesday, that its Ethylene Glycol (EG) Unit is to go back online mid November 2012.
An EQUATE official added, quoted in a press release, said "This was a change in schedule from what was issued on August 2, 2012, which had stipulated that the 550,000 MTA EG Unit will be back online within approximately six weeks from the fire that took place on July 31, 2012." The official noted that "EQUATE is the only entity authorized to issue statements regarding this matter and all other issues relevant to its operations."
Established in 1995, EQUATE is an international joint venture 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 the single operator of a fully integrated world-scale manufacturing facility producing over 5 million tons annually of high-quality petrochemical products which are marketed throughout the Middle East, Asia, Africa, and Europe.