EQUATE Petrochemical Company said that it has shutdown one of its Ethylene Glycol units with a total capacity of 550,000 mtpa. An EQUATE official said, “The shutdown will be for approximately six weeks as a result of the fire that took place on Tuesday, July 31, 2012. Production operations of other units are unaffected and ongoing.” The official added, “EQUATE would like to note that it is the only entity authorized to issue statements regarding this matter and all other issues relevant to its operations.”
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 mln tons annually of high-quality petrochemical products which are marketed throughout the Middle East, Asia, Africa and Europe.