Boubyan Petrochemical Company (BPC) was established in 1995 as the first privately held company to enter the government-controlled petrochemical arena in Kuwait. BPC entered into a JV with Petrochemical Industries Company (PIC) and Union Carbide (subsequently acquired by Dow Chemical) and formed Equate Petrochemical Company - the largest petrochemical complex in Kuwait. BPC has since evolved into an industrial holding company with investments focused in petrochemicals and the industrial/manufacturing sectors and has recently also ventured into the education and healthcare sectors.