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.
This story is from the October 2024 edition of Oil and Gas News.
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This story is from the October 2024 edition of Oil and Gas News.
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