Established in 1995 and commencing production in 1997, EQUATE now 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. BPC owns ( 9 % ) of EQUATE as an international joint venture between Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow) 42.5 % , and Qurain Petrochemical Industries Company (QPIC) 6 %