[3] In the early 1950s, Salim Huneidi, who worked as an agent for an international Steel Structure and Construction company felt that there was a shortage of supply of cutting and welding gases in Kuwait.

[4][5] Salim Huneidi signed a deal with the Kuwait Oil Company (KOC) (earlier known as Amen Oil), which led KOC to shut down their small Oxygen plant and start outsourcing this product from local suppliers; that was the base that Salim Huneidi built on for his Industrial gas project in Kuwait.

[9] In 2013, EQUATE Petrochemical Company, as part of its sustainability initiatives, launched its second CO2 recovery project in Kuwait in partnership with Gulf Cryo.

Gulf Cryo acquired Deniz Gaz, a gas company based in Turkey and entered the Turkish market in 2014.

[14] Gulf Cryo in partnership with EQUATE Petrochemical Company also launched the first commercial carbon dioxide (CO2) plant in Kuwait.

[3][15] Gulf Cryo produces and supplies industrial gases namely Acetylene, Air, Argon, Carbon Dioxide, Helium, Hydrogen, Oxygen, and Nitrogen.