— The EQUATE Group, a global producer of petrochemicals, on Thursday announced USD 537 million in the first half of this year, compared to USD 543 million in the same period of 2021.

In a press statement, the Group reported total revenues of USD 2.23 billion in H1 2022, compared to USD 2.041 billion during the same period in 2021.

President & CEO of EQUATE Group Naser Aldousari said: “Our positive performance reflects the strength and agility of our business portfolio, as well as the remarkable efforts of the EQUATE team in maintaining the well-being and safety of our team and the communities in which we operate.” He added that while current market dynamics remain challenging, the group continues to identify and capitalize on areas of underlying strength, noting that the competitive position of EQUATE’s global assets has enabled the group to operate at maximum capacity.

Source: Kuwait News Agency