IN the ever-evolving landscape of the global petrochemical industry, Saudi Basic Industries Corporation (SABIC) has established itself as a formidable player, strategically investing across diverse regions.
With a commitment to innovation and sustainability, SABIC’s extensive investments not only enhance its operational capabilities worldwide but also bolster its position in the Kingdom of Saudi Arabia, driving economic growth and fostering international partnerships.
Since its inception, SABIC has made substantial investments that span continents, from North America and Europe to Asia and the Middle East.
The company’s strategy focuses on integrating local partnerships and leveraging advanced technologies to meet the growing demands of various sectors, including energy, petrochemicals, automotive, construction, and healthcare.
In recent years, SABIC’s commitment to sustainability has intensified, aligning with global trends towards greener practices.
This focus is evident in its investments aimed at producing low-carbon and renewable products, responding to a rising consumer demand for sustainable solutions.
INVESTMENTS IN ASIA: A KEY FOCUS
Asia has emerged as a pivotal region for SABIC, with significant investments aimed at harnessing local growth opportunities.
The company’s partnerships in China, including joint ventures with SINOPEC and Fujian Energy Petrochemical, exemplify its strategic approach.
The SINOPEC SABIC Tianjin Petrochemical (SSTPC) has become a world-scale mega complex, recently enhanced by a new polycarbonate (PC) plant that commenced operations in early 2023.
This facility significantly increases SABIC’s capacity to serve the burgeoning demand in the Asia-Pacific market.
This story is from the October 2024 edition of Oil and Gas News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2024 edition of Oil and Gas News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
SABIC Exhibition to explore innovative tech in downstream
THE 14th edition of the region's largest petrochemical exhibition will be held from January 2630, 2025, in the Jubail Industrial City of Saudi Arabia.
New Emerson solution reduces energy costs
EMERSON has introduced its Energy Manager solution, a pre-engineered hardware and software offering designed to simplify industrial electricity monitoring.
WEG launches W80 AXgen motor
WEG, a global leader in motor manufacturing, has launched the W80 AXgen electric motor, designed for Original Equipment Manufacturers (OEMs).
AMETEK launches quartz microbalance analyser
AMETEK Process Instruments has introduced its next-generation quartz crystal microbalance (QCM) moisture analyser, the 3050OLV, a modern update to a product with over 25 years of reliability and performance.
Clariant catalysts to help cut emissions at Hengli's plant
CLARIANT, a sustainability-focused chemical company, has installed its EnviCat N2O-S catalyst at Hengli Petrochemical's nitric acid plant in Dalian, China.
TotalEnergies installs methane devices
AS part of its ambition to aim for near-zero methane emissions by 2030, TotalEnergies announces that the company is going a step further in the monitoring and reduction of its methane emissions with the deployment of continuous, real-time detection equipment at all of its operated Upstream sites.
More countries declare support for plans to triple nuclear power
AT the COP29 UN climate change conference in Baku, Azerbaijan, six additional countries El Salvador, Kazakhstan, Kenya, Kosovo, Nigeria, and Turkey have joined the call to triple global nuclear energy capacity by 2050, reported World Nuclear News.
Singapore allocates $74 million for green marine energy
SINGAPORE'S of S State, Alvin Tan, announced a SGD$100 million ($74 million) government investment to boost green growth in the marine and offshore energy sector over the next five years at OSEA 2024. The three-day tradeshow attracted over 500 exhibitors and 15,000+ attendees from 100 countries.
India, donor countries abandon energy transition partnership
INDIA will not proceed with the Just Energy Transition Partnership (JETP) initially discussed with donor countries like the US and Germany, aimed at aiding its transition from fossil fuels, particularly coal.
Aramco, Rongsheng in deal for Sasref expansion
SAUDI oil giant Aramco has anSA nounced that it has, along with its key affiliate Saudi Aramco Jubail ReCompany finery (Sasref) signed a development framework agreement with Chinese group Rongsheng Petrochemical at a special event in Beijing that paves the way for expansion of a vital Sasref faclity in Jubail.
