LATEST NEWS
EQUATE Group Reports Third Quarter Business Results
29 Oct 2019KUWAIT, October 29, 2019 — The EQUATE Group, a global producer of petrochemicals, today announced its Q3 2019 unaudited earnings, reporting $264 million in EBITDA, a 52% decrease from $547 million in Q3 2018, and $811 million in revenue, a 35% decrease from $1,247 million in Q3. Net income after tax stood at $143 million […]
EQUATE Sponsors the Kuwait Oil & Gas Show and Conference 2019
15 Oct 2019Kuwait, October 15, 2019: EQUATE Group, a global producer of petrochemicals and the world’s second largest producer of Ethylene Glycol, today announced its sponsorship of the Kuwait Oil & Gas Show and Conference (KOGS) 2019, supporting the objectives of the conference in a knowledge-sharing platform that gathers leaders and organizations across the oil and gas […]
EQUATE Group Announces Official Start-Up of MEGlobal Oyster Creek, TX Site
14 Oct 2019OYSTER CREEK, TX, USA – Today the EQUATE Group is proud to announce the official start-up of the MEGlobal Oyster Creek Site’s commercial production of fiber-grade, on-spec monoethylene glycol. The plant has a nameplate capacity of 750,000 metric-tons-annually (MTa) of ethylene glycol and access to shipping routes to customers around the world. The new plant […]