Over the past 50 years, PIC has grown from a major Fertilizer position to a significant petrochemicals company. The future looks even brighter for our Company, with increasing contribution to KPC and the State of Kuwait. Our long term vision is to be a global petrochemical company committed to adding value to Kuwait's national resources.
We will build on Kuwait's hydrocarbons resources to create value-added products for customers around the world. We will build a brighter future through the passion, dedication and innovation of our people. And we will build a brighter future through our unwavering commitment to quality, safety, operational excellence and responsible corporate citizenship.
PIC is a pioneer in establishing and implementing Best Practices in Kuwait Companies, in the form of Enterprise Risk Management (ERM), Lean Six-Sigma Methodology, and PIC Project Stage Gate System etc. PIC is continually improving its Business Development Processes and Guidelines to benefit PIC in reaching our Long Term Strategic Objectives in a most effective way.
Our successful implementation of petchem growth model in the last 20 years has put Petrochemicals in the forefront of KPC's portfolio and business growth drivers.
Our human resources are our Company's strength. Through our strong and committed workforce, we drive our investment in growth and innovation to achieve the highest levels of performance and work quality. Our workforce is trained on a regular basis to upgrade their Professional skills through an effective Personal Development Program (PDP).
PIC is continuously working for the benefit of Kuwait and its citizens. We have embarked on implementing renewable energy projects to meet the Power needs, in line with the mandate laid down by His Highness The Emir of Kuwait. Also, we have achieved 85% Kuwaitization target as set by our parent Company, Kuwait Petroleum Corporation (KPC).
As the Head of the Health, Safety, Security and Environment Committee, I am proud to say that we are recipient of numerous HSE awards of Royal Society for the Prevention of Accidents (RoSPA), Arab Fertilizer HSE award, and Arabia Corporate Social Responsibility award. And with the active participation of our employees we continue to sustain our ISO and RC certifications over the years.
As a responsible Corporate Citizen, PIC is a signatory to United Nations Global Compact (UNGC) and complies with its 10 principles. I am also pleased to inform that our Head Office received Leadership in Energy and Environmental Design (LEED) Gold Certification. PIC was one of the first companies to receive this recognition.
We are continuously striving to extend our International presence through M&A activities and by forming new Joint Ventures (JVs). The latest partnership is the formation of new JV Company with M/s Pembina called Canada Kuwait Petrochemical Corporation (CKPC), to build and operate a world scale PDH/PP plant in Alberta, Canada.
PIC is also working on other exciting opportunities in Kuwait and Abroad to implement Green Field Capital Projects and also to acquire equity stakes in reputed International Companies.
We look forward to working with all our customers and strategic partners, and to contributing to their success. We look forward to contributing to the expansion and diversification of the Kuwaiti economy.
For 50 years, PIC has stood for progress and possibilities, adding value to our national resources. Now we look forward to an even brighter future ... a future of growth and diversification ... a future of possibilities without limit. And to be successful in this challenging endeavor, participation of each and every employee is required.
Wishing for a bright future for PIC and its employees,
Mohammed Abdullatif AI -Farhoud
Chief Executive Officer