Honeywell and petrochemical producer, EQUATE Petrochemical Company, inked a memorandum of understanding (MoU) to develop technologies to support operations at EQUATE’s industrial complexes.
EQUATE is currently the owner and single-operator of several fully integrated petrochemical complexes in Kuwait, North America and Europe. The company is Kuwait’s first international petrochemical joint venture and the world’s second-largest producer of ethylene glycol (EG).
As part of the MoU, EQUATE will test Honeywell technologies, including the latest additions to the Honeywell Connected Plant portfolio, as well as assess EQUATE’s requirements and new ideas. The companies will join efforts to analyze EQUATE’s needs and in an effort to increase productivity and reduce downtime, setting a new standard for the petrochemical industry in the region.
“We are firm believers that success requires input from all our key stakeholders, including our technology suppliers, such as Honeywell,” said Tareq Jafar Al-Kandari, vice president of Technical Services, EQUATE. “Being part of the global petrochemical industry with operations in three continents and contributing to various economies, EQUATE is strongly committed to absolute reliability and sustainability in all operations and activities.”