The EQUATE Group announced its full-year earnings for 2021 posting an increase in total revenues of 42% over 2020 results of USD 2.92 billion.
In a press release, the Group also reported total EBITDA of USD 1.74 billion and net income after tax of USD 1.11 billion.
Steadily affirming its global competitive position amid a healthy recovery of global markets in 2021, the Group’s global footprint has enabled reliable and efficient delivery of its quality products to customers worldwide, maintaining its market-leading position.
The press release quoted Naser Aldousari, President and CEO of EQUATE Group who said: “EQUATE Group delivered a strong 2021 performance as a result of the extraordinary efforts from our cross-functional team across the globe, we continue to deliver exceptional safety, production and sales performance”. 
He added that with global disruptions still a reality, EQUATE Group has continued to build on its competitive advantage, propelled by its stakeholders’ continuous support, extensive geographic footprint, ethane-based feedstock supply, cost optimization, and the team capabilities.