Equate Petrochemical Company Kscc
Equate Petrochemical Company KSCC, a leading player in the petrochemical industry, is headquartered in Kuwait (KW) and operates extensively across the Middle East and beyond. Founded in 1995, Equate has established itself as a key manufacturer of high-quality petrochemical products, including ethylene, polyethylene, and other derivatives, which are essential for various industrial applications. With a commitment to innovation and sustainability, Equate has achieved significant milestones, including the successful launch of advanced production technologies. The company is renowned for its unique approach to product development, ensuring that its offerings meet the highest international standards. As a joint venture involving prominent partners, Equate holds a strong market position, recognised for its operational excellence and contributions to the regional economy.
DitchCarbon Score
How does Equate Petrochemical Company Kscc's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Equate Petrochemical Company Kscc's score of 15 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Equate Petrochemical Company Kscc's reported carbon emissions
In 2023, Equate Petrochemical Company Kscc reported total carbon emissions of approximately 2,400,000,000 kg CO2e for Scope 1 and about 1,100,000,000 kg CO2e for Scope 2, resulting in combined emissions of around 3,500,000,000 kg CO2e. This reflects a slight increase in Scope 1 emissions from 2,300,000,000 kg CO2e in 2022, while Scope 2 emissions decreased from 1,400,000,000 kg CO2e in the same year. Equate has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and Scope 2 emissions by 32% by 2030, using 2019 as the baseline year. This target is part of their broader strategy to enhance sustainability and reduce their carbon footprint. The company also aims for a 32% reduction in carbon emissions specifically for Scope 2 by 2030. The company has not disclosed any Scope 3 emissions data, indicating a focus on direct emissions and energy-related emissions at this stage. Equate's commitment to reducing emissions aligns with industry standards and reflects a proactive approach to addressing climate change.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,346,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,607,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Equate Petrochemical Company Kscc is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
