The Business Year

Mohammad Husain

KUWAIT - Industry

Strong Belief

President & CEO, EQUATE Petrochemical Company

Bio

With over 30 years of extensive professional service, Mohammad Husain has held various leading posts, both administrative and technical, at Kuwait Oil Company (KOC), Petrochemical Industries Company (PIC), and finally at Kuwait National Petroleum Company (KNPC) as Deputy Chairman & Deputy Managing Director for Mina Al-Ahmadi Refinery. Having served in several leadership positions and on different boards, Husain’s overall competencies and areas of expertise include the exploration, development, and production of oil and gas, petrochemicals, and downstream activities, as well as corporate planning and strategy development. During 2012, he was named as the President & CEO of EQUATE Petrochemical Company, Kuwait’s first international joint venture in this industry.

How is EQUATE’s “Partners in Success“ motto reflected in your business operations? Our slogan came from the clearly strong belief that the partnership between our shareholders is mutually beneficial, and […]

How is EQUATE’s “Partners in Success“ motto reflected in your business operations?

Our slogan came from the clearly strong belief that the partnership between our shareholders is mutually beneficial, and we would like all parties to profit from the agreements we enter into. Our customers are also a key part of our business model, and we share their success, too. We are trying to create the feeling among our staff that each of us is a partner, and by creating this sense of ownership within the organization we are improving our productivity. We also treat our suppliers and contractors as our partners, because we know that if they do not deliver, then we do not succeed. We work with them, and that sustainable partnership is built into our model. In addition, our workforce represents the most important “Partners in Success“ in all elements relevant to EQUATE.

What kind of growth have you seen in the Kuwaiti petrochemicals industry, and what have been some of the major developments in recent years?

Locally, there is limited growth in the petrochemical industry at present, and we are not growing at the same pace as other countries in this region. In fact, we are falling behind. This is one of the challenges in Kuwait. We know the field is limited, but that should encourage us to be more innovative in finding ways to create partnerships. At the same time, while growth is limited, there are still opportunities, and media outlets have been highlighting plans by Kuwait Petroleum Corporation & Subsidiaries for large ventures both locally and globally. These include the integrated refinery-petrochemical projects of Olefins III and Aromatics II in Kuwait. We, as EQUATE, want to and definitely can contribute an overall added value into the whole industry in Kuwait and beyond.

What are some of your key projects that you expect to be of high impact?

We are pursuing the ongoing debottlenecking project at our polyethylene (PE) plant, which hopefully will be completed during 2016. Our current capacity of polyethylene is 825,000 tpy, and we are working to reach nearly 1 million tpy once the project is completed. The project will give us an additional capability of over 150 bpd, depending upon available feed. At the very least we are hoping for at least half of this. We will be in a good position by the middle of next year to deliver the products. We are also focused on environmental projects that target the reduction of carbon emissions in our industrial operations by re-using Co2. Protecting the environment is one of our strategic objectives and part of our goal to achieve further sustainability within and outside of Kuwait. More than ever, we see companies moving away from using Co2-derived fossil fuel, and instead moving toward more environmentally friendly Co2 produced from capturing off-gas that would otherwise go into the atmosphere. As we are focused on making environmentally sound business decisions, we have launched two Co2 recovery projects, which are the first of their kind in Kuwait. In addition, we have also launched the Middle East’s first plant water recycling project.

What are your expectations for the company and for Kuwait’s petrochemicals industry in 2016?

For the petrochemical industry, 2016 will be a year of gradual recovery from the dip it experienced earlier, which started toward the end of 2014, although certain challenges still need to be addressed. We positioned EQUATE to be resilient and to maintain the ability to work in different environments and pursue opportunities in the face of prevailing challenges. The petrochemical industry will be in a better position in 2016, and the market will be more attractive. Our productivity will increase, as we will hopefully finalize our PE debottlenecking project and increase our overall production. All of this, however, is contingent on having a sufficient volume of feedstock for our operations. We are seeking to bring extra value to the market at the latest by 2H2016.

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