Taking bold steps in the fight against climate change
Oil and Gas News|October 2024
SABIC is steadfast in its commitment to combat climate change, engaging in innovative partnerships and initiatives that drive sustainability across the globe.
ABDULAZIZ KHATTAK
Taking bold steps in the fight against climate change

With a focus on creating a circular economy for plastics, the company is actively involved in several key collaborations aimed at reducing environmental impact and fostering responsible resource management.

One significant initiative is the Alliance to End Plastic Waste (AEPW), launched in early 2019 with the support of 20 founding members, including SABIC.

This alliance seeks to harness innovation and scale up solutions that promote sustainable practices in the plastic industry.

It brings together some of the world's foremost companies from the chemical, plastic, consumer goods, and waste management sectors, all united in their commitment to advancing AEPW's mission.

SABIC's engagement within the alliance is robust, with representation on the board and participation in regional strategic and implementation task forces.

In 2023, AEPW further expanded its impact by partnering with Lombard Odier Investment Managers (LOIM) to establish the Circular Plastics Fund.

هذه القصة مأخوذة من طبعة October 2024 من Oil and Gas News.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 2024 من Oil and Gas News.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من OIL AND GAS NEWS مشاهدة الكل
Nigeria leads Africa as top investment destination
Oil and Gas News

Nigeria leads Africa as top investment destination

NIGERIA ranked as Africa's leading destination for upstream oil and gas investment in 2024, research from market intelligence firm Wood Mackenzie shows.

time-read
1 min  |
February 2025
BBTC Mena to explore innovative solutions
Oil and Gas News

BBTC Mena to explore innovative solutions

THE 11th edition of the Bottom of the Barrel Technology Conference (BBTC) Mena is set to take place from February 4-5 in Bahrain.

time-read
1 min  |
February 2025
Libya aims to boost refining capacity
Oil and Gas News

Libya aims to boost refining capacity

LIBYA'S Minister of Oil and Gas, Dr Khalifa Abdulsadek, shared plans to increase the country's refining capacity from 300,000 to 400,000 barrels per day (bpd) as part of its long-term strategy to enhance energy security and sustainability.

time-read
1 min  |
February 2025
Red Sky Energy secures 35pc stake in Angola block
Oil and Gas News

Red Sky Energy secures 35pc stake in Angola block

AUSTRALIAN exploration and production company Red Sky Energy has acquired a 35 per cent stake in Block 6/24, offshore Angola, marking its first foray into Africa's oil and gas market. Angola's production is around 1.1 million barrels a day, making it an attractive destination for the company.

time-read
1 min  |
February 2025
Emerson helps firm meet emissions target
Oil and Gas News

Emerson helps firm meet emissions target

EMERSON has partnered with Laramie Energy, a Colorado-based oil and gas producer, to help it comply with state and federal emissions regulations.

time-read
1 min  |
February 2025
Lhyfe, Masdar to explore joint green hydrogen projects
Oil and Gas News

Lhyfe, Masdar to explore joint green hydrogen projects

LHYFE, a leading producer and supplier of green and Abu hydrogen, Dhabi Future Energy Company Masdar, the UAE's clean energy leader, have signed a memorandum of understanding (MoU) to explore potential co-development opportunities in large-scale green hydrogen production projects in Europe.

time-read
1 min  |
February 2025
CHM 2025 to unite hydrogen leaders for production boost
Oil and Gas News

CHM 2025 to unite hydrogen leaders for production boost

CONNECTING Hydrogen Mena 2025 (CHM2025), taking place from February 24 to 26 in Dubai, will unite the hydrogen value chain to accelerate advancements in hydrogen production, the economy, and exports.

time-read
1 min  |
February 2025
Krohne unveils new version of software solution
Oil and Gas News

Krohne unveils new version of software solution

KROHNE Middle East and Africa, a leader in industrial measurement technology, has unveiled its latest advanced software solution for calibration, asset management, and data analytics, CalSys AMADAS.

time-read
1 min  |
February 2025
Riding out market volatility with the power of data
Oil and Gas News

Riding out market volatility with the power of data

While geopolitical tensions, OPEC actions, and Trump's policies fuel uncertainty in oil markets, technology aids traders in navigating fluctuations, David Goldman, Head of Trading at Novion, tells OGN

time-read
4 mins  |
February 2025
Harnessing wasted energy for decarbonisation
Oil and Gas News

Harnessing wasted energy for decarbonisation

The energy transition depends on technology and collective commitment to sustainability, doing more with less, and uncovering value in unexpected places, prioritising sustainability in every decision, Freddie Sarhan tells OGN

time-read
3 mins  |
February 2025