18 December 2010

Honoring its Sharing Success philosophy

Kuwait, December 18, 2010 -- EQUATE Petrochemical Company received the Corporate Social Responsibility (CSR) award during the first annual Oil and Gas Awards ceremony organized by the Oil and Gas Middle East magazine.

On this occasion, EQUATE VP Technical Services and head of EQUATE CSR Team Mohammad Al Benali said, "The Company has launched several initiatives relevant to community awareness, education, health, environment and other fields with the aim of achieving overall sustainability within and outside Kuwait."

Al Benali added, "Among these initiatives are a number of campaigns that addressed breast cancer (Keep Your Life Rosy), obesity (Lighten Up), hypertension (Stay Normal) and community awareness about the plastics industry (Plastic ... Fantastic); in additional to annual university scholarships in cooperation with the Ministry of Higher Education and numerous corporate contributions to several organizations; as well as a number of environmental ventures that include Kuwait's first project green carbon project and the Middle East's first plant water recycle project."

Al Benali expressed utmost appreciation to the award's organizers and their role in recognizing the efforts of EQUATE which has received numerous recognitions, adding "The Company does not view this award and others as rewards, they are sources of encouragement to dedicate more efforts into implementing the principles of sustainability to the fullest by continuing EQUATE's Sharing Success philosophy."

Al Benali noted, "In recognition of its sustainability achievements, EQUATE has earned several prestigious honors, including His Highness the Amir Award for the Best Plant in Kuwait; the Gold Award in Health, Safety and Environment (HSE) for Gulf private sector companies; the Award for Best Gulf Company in Recruiting Nationals; as well as Kuwait's CSR Award in the Industrial and Oil Sector. In addition, EQUATE has received the Highly Commended Best Community Program Award during the First Middle East CSR Award Summit."

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.

-Ends-

Contact:  Ali Y. Al-Hamad
T: (+965) 2576-5661
M: (+965) 9722-8611
E: alhamaay@equate.com

© Press Release 2010