EQUATE Petrochemical Company, a global manufacturer of petrochemicals, funded the Gulf Petrochemicals & Chemicals Association (GPCA) Supply Chain Seminar for the 9th year in-a- row as part of the company's dedication to produce a platform of knowledge exchange with producing bodies, provider, scholastic institutions and various other stakeholders to address global challenges.

During the conference, EQUATE's Board Chairperson Hosnia Hashim and the President & Chief Executive Officer Mohammad Husain reviewed the value of innovation, modern technology and organizational structures in driving performance and sustainability in the petrochemical industry to attend to global supply chain developments and trends.

Throughout the welcome address at the opening of the Conference, Husain said, "Today's petrochemical market is unpredictable, intricate and unsure. Total collaboration, sustainability, technology and new ability are the aspects that will influence the means for conducting business in future. Among these, cooperation is the key for the GCC supply chain to remain competitive and companies should explore the possibility of teaming up in each and every location for business, such as critical, operational, technological and outsourcing of services. Together, a three-way force consisting of government, producers and company needs to be created and safeguarded to ensure that the total supply chain awaits the future.".

Husain added, "Whereas technology is worried, the new operating version ought to include expert system which is becoming the next big technology and the automation of workforce will include work of robotics and adding services of drones and self-driving vehicles within a context of Internet of Things (IoT).".

Husain stressed that these dramatic impacts on business will certainly not reduce the value of establishing new ability for the new period of supply chain management.

On her part, Hashim spoke about the role of the supply chain's organizational framework in owning effectiveness with a key concentrate on user interfaces and relate to various other features, such as purchase, information technology and others.

The Company additionally sustains knowledge sharing with the partnership with academic and study- organizations such as Kuwait University (KU), going for progress, innovation, sustainability and training of future professionals that will positively lead the industry. As part of the partnership, a student at the KU College of Petroleum & Engineering and a teacher were invited to participate in the conference for the possibility to connect with various delegates.

Last year, EQUATE launched a partnership for innovation with KU, that included an Innovation Several Intelligence Survey led by Dr. Intesar Al-Mudahka, Assistant Professor at KU's University of Sciences, measuring and assessing EQUATE's innovation efforts. The EQUATE Innovation Program aims to more team up with KU with the.
Company's Innovation Centers. Previously in 2017, EQUATE and KU signed a thorough MoU for cooperation in innovation, its applications and other fields.

Championing environmental sustainability in supply chain, CORRESPOND has also authorized an agreement with Maersk Line to decrease CARBON DIOXIDE discharges in ocean transportation. The agreement, which is the very first of its kind in Kuwait, is based on EQUATE's and Maersk Line's Sustainability Techniques that consist of the common vision to secure and guard the environment by lowering CARBON DIOXIDE exhausts.

The EQUATE Group is a global producer of petrochemicals that create a better world. The Group combines EQUATE Petrochemical Company (CORRESPOND), its subsidiaries and The Kuwait Olefins Company (TKOC). The EQUATE Group is the world's second largest producer of Ethylene Glycol (EG) with commercial complicateds in Kuwait, The United States and Canada and Europe that generate Ethylene, EG, Polyethylene (PE) and Polyethylene Terephthalate (FAMILY PET). The products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa. As a leading global business, the EQUATE Group strongly seeks sustainability principles and finest techniques anywhere it runs with collaborations with various stakeholders including workers and customers along with cultures all at once in areas that consists of human advancement, setting, education, health and public recognition. The EQUATE Group's shareholders consist of Petrochemical Industries Company (PICTURE), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). The Group supplies trusted solutions and remedies that makes it possible for global customers and stakeholders to expand and obtain the success they seek by being "Companions in Success." www.equate.com.

With EQUATE as one of its founding members, The Gulf Petrochemicals and Chemicals Organization (GPCA) stands for the downstream hydrocarbon industry in the Arabian Gulf. Established in 2006, the association voices the usual interests of greater than 240 member business from the chemical and allied markets, representing over 95% of chemical result in the Gulf region. The industry comprises the second largest manufacturing sector in the region, generating approximately US$ 108billion worth of products a year. www.gpca.org.ae.