Direct Investments

  • Equate Petrochemicals Company (Equate)
    Equate was established in 1995 as a joint venture between Petrochemical Industries Co. (45% of equity) and Union Carbide
    (now Dow Chemicals) which also had a 45% equity stake. The balance (which is 10%) belongs to Boubyan Petrochemical
    Company (BPC). Equate is one of the most efficiently operated and successfully managed olefins plants in the region. This
    is mainly due to the technology used, high caliber technical staff and efficient marketing and management team.
    The shareholding structure of Equate has changed since the beginning of 2005 through the introduction of a new
    shareholder, Al-Qurain Petrochemical Industries Company (Al-Qurain), with a 6% equity stake; and as such BPC’s stake
    was reduced to 9% while PIC and DOW became 42.5% each

    Equate was established in 1995 as a joint venture between Petrochemical Industries Co. (45% of equity) and Union Carbide (now Dow Chemicals) which also had a 45% equity stake. The balance (which is 10%) belongs to Boubyan Petrochemical Company (BPC). Equate is one of the most efficiently operated and successfully managed olefins plants in the region. This is mainly due to the technology used, high caliber technical staff and efficient marketing and management team.

    The shareholding structure of Equate has changed since the beginning of 2005 through the introduction of a new shareholder, Al-Qurain Petrochemical Industries Company (Al-Qurain), with a 6% equity stake; and as such BPC’s stake was reduced to 9% while PIC and DOW became 42.5% each.