Kuwait’s Equate is constructing a petrochemical plant in US with an heavy investment of 1.7 billion dollar. The production capacity of the plant will be around 7,50,000 tonnes and will achieve it by 2019. The plant is coming up along the Gulf coast in the US. It’s an opportunity for the company to expand in the US and also the availability of shale gas makes it competitive. Kuwait-based Equate is a joint venture involving Petrochemical Industries Company and the Dow Chemical.
