Equate picks partner for CO2 recovery project
Kuwait, April 17, 2013
Equate Petrochemical Company, a major player in the petrochemical sector based in Kuwait, has signed a partnership agreement with Gulf Cryo for the country’s second CO2 recovery project.
Kuwait-based Gulf Cryo, a key operator in the industrial gas field in the Middle East, said as per the agreement it will obtain CO2 from Equate’s plants which will be converted and used for industrial purposes in one of Kuwait’s first pioneering projects.
On the deal, Equate president & CEO Mohammad Husain said, “The collaboration with Gulf Cryo is a reflection of our tagline ‘Partners in Success,’ and it is an extension of Equate’s previous initiative of Kuwait’s First CO2 recovery project launched in 2008."
"This project is not only aimed at creating an added-value from the CO2, but is also a part of Equate’s sustainability driven efforts to protect and preserve Kuwait’s environment," he stated.
Gulf Cryo CEO Naji Skaf said the partnership further strengthens the company’s long standing relationship with Equate which commenced in 2004.
On its ew role, "Equate’s plants produce commercially viable amounts of gas daily. We capture the gas that contains raw CO2, then filter and purify it at our recovery plant which is situated close to Equate’s manufacturing complex."
"This process separates CO2 and other gases to enable us to liquefy pure CO2 which is required in many industries, such as food and beverage, welding and cutting and in the manufacture of dry ice," he added.
According to him, Gulf Cryo is investing heavily in Kuwait’s Shuaiba Industrial Area with a pipeline that will deliver the product from Equate’s plants to Gulf Cryo’s production facilities.
Established in 1995, the Kuwaiti petrochemical giant is a JV between Petrochemical Industries Company, Dow Chemical, Boubyan Petrochemical Company and Qurain Petrochemical Industries Company.-TradeArabia News Service