SABIC drives sustainability with bold initiatives
Oil and Gas News|October 2024
As it continues to push the boundaries of science and technology, SABIC is demonstrating that sustainable business practices are not only viable but essential for long-term success
ABDULAZIZ KHATTAK
SABIC drives sustainability with bold initiatives

IN a world increasingly focused on sustainability, SABIC, a global leader in diversified chemicals, is setting a high standard for corporate responsibility.

With a commitment to pioneering eco-friendly solutions, the company has implemented a wide array of initiatives aimed at enhancing its sustainability performance.

From advanced recycling technologies to low-carbon ammonia production, SABIC is determined to lead the charge towards a greener future.

The company not only aims to reduce its environmental footprint but also seeks to empower its customers and communities by providing sustainable alternatives across a variety of sectors.

Since 2020, SABIC has embraced a comprehensive methodology developed by the World Business Council for Sustainable Development (WBCSD) to conduct sustainability assessments across its product portfolio.

This approach reflects a deep understanding that sustainability is not merely an add-on to business practices but rather an essential component of the company's overall strategy.

In 2023, this effort expanded significantly, with 63 per cent of the company's total revenue now assessed up from 48 per cent in 2022.

This rigorous evaluation process not only drives internal improvements but also ensures that customers receive sustainably sourced products that meet the growing demand for environmental responsibility.

The company’s commitment to innovation is further illustrated by its impressive output of patent applications.

In 2023 alone, SABIC filed 224 patent applications, 40 per cent of which focused on enhancing environmental attributes.

This commitment to research and development serves as a testament to SABIC's strategy of integrating sustainability into its core business practices.

Bu hikaye Oil and Gas News dergisinin October 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Oil and Gas News dergisinin October 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

OIL AND GAS NEWS DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
SABIC Exhibition to explore innovative tech in downstream
Oil and Gas News

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.

time-read
1 min  |
December 2024
New Emerson solution reduces energy costs
Oil and Gas News

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.

time-read
1 min  |
December 2024
WEG launches W80 AXgen motor
Oil and Gas News

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).

time-read
1 min  |
December 2024
AMETEK launches quartz microbalance analyser
Oil and Gas News

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.

time-read
1 min  |
December 2024
Clariant catalysts to help cut emissions at Hengli's plant
Oil and Gas News

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.

time-read
1 min  |
December 2024
TotalEnergies installs methane devices
Oil and Gas News

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.

time-read
1 min  |
December 2024
More countries declare support for plans to triple nuclear power
Oil and Gas News

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.

time-read
2 dak  |
December 2024
Singapore allocates $74 million for green marine energy
Oil and Gas 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.

time-read
1 min  |
December 2024
India, donor countries abandon energy transition partnership
Oil and Gas News

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.

time-read
1 min  |
December 2024
Aramco, Rongsheng in deal for Sasref expansion
Oil and Gas News

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.

time-read
1 min  |
December 2024