13th annual GPCA Forum concludes in Dubai
DUBAI, Nov 28, (KUNA): An official from Kuwait’s EQUATE Group, a global producer of petrochemicals, said that it was very keen on achieving energy sustainable development. On the sideline of the threeday 13th annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum which concluded in Dubai, EQUATE Senior Vice-President Naser Aldousari said, “As a global enterprise, EQUATE launched its 2025 Sustainability Strategy that is linked to the United Nations’ 17 Sustainable Development Goals (SDGS) and the Kuwait National development plan 2035.”
He continued “We firmly believe that sustainability is a key component for growth through creating added value by focusing on the environment, economy and society.” Al-Dousari has affirmed that EQUATE plays a big role in the industry’s transformation process.
“EQUATE’s contribution to this transformation is clear through our recent launch of Viridis 25 that represents a breakthrough technology by providing a new food-grade polyethylene terephthalate (PET) using up to 25 percent of chemically recycled PET bottles as feedstock, which is the highest ratio achieved so far worldwide.”
He added, “As the first Middle East-headquartered enterprise to benefit from US-based shale gas sources, our ethylene glycol (EG) plant on the US Gulf Coast is scheduled to begin production during the fourth quarter of 2019 with a total capacity of 750,000 tons annually.”
It’s worth highlighting that EQUATE took its participation plan even further this time by sponsoring a professor along with a number of students from the College of Engineering & Petroleum at Kuwait University to have the opportunity to attend the forum and add to their experience through interacting with other delegates.
The initiative is part of a Memorandum of Understanding (MoU) that was signed with the University Partnership and collaboration in industrial and academic fields. The 13th Annual GPCA Forum is held in Dubai, UAE, during Nov 26 to 28, 2018. The forum gathers over 2,000 top executives from petrochemical and chemical companies as well as government bodies and other entities from around the globe to discuss various topics.
The forum focused on various elements highlighting the transformation of the global petrochemical industry. With the industry’s vital role in energy supply and increasing energy demands, the petrochemical industry is becoming one of the fastest-growing industries in the world. The industry’s success has provided the GCC nations with great economic contributions.