SABIC

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20.02.2025 • News

Global Leaders Launch Innovative Circularity Pilot

The Global Impact Coalition (GIC), a CEO-led collaborative platform originally incubated at the World Economic Forum, launches the world’s first Automotive Plastics Circularity pilot together with seven global leaders in the chemical and recycling industries.

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22.11.2023 • News

TotalEnergies and SABIC Consider Selling US Chemical Plant

Major French oil company TotalEnergies SE and Saudi Basic Industries Corp. (SABIC) are considering selling a jumbo US plant that produces styrene and polystyrene, used in products such as plastic packaging, disposable cups, and insulation.

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20.04.2023 • News

Saudi Arabia Gives Sovereign Wealth Fund fresh Cash

Saudi Arabia is transferring another 4% chunk of state-owned oil giant Saudi Aramco, parent company of petrochemicals and plastics producer SABIC, to Sanabil Investments, a vehicle wholly owned by the Kingdom’s Public Investment Fund (PIF).

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14.03.2023 • News

Coolbrook and Linde Collaborate on Cracker Electrification

Finnish technology and engineering company Coolbrook has signed a partnership agreement with Germany’s Linde Engineering to develop and deploy its RotoDynamic Reactor (RDR) technology that replaces fossil fuels with clean electricity for heating the furnaces in ethylene crackers.

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09.12.2022 • News

Röhm to Acquire SABIC’s PC Sheet and Film Business

PMMA specialist Röhm plans to acquire SABIC’s polycarbonate-based Functional Forms business in a deal due to close in H1 2024. The company said the buy is key to its strategy to advance its transparent semi-finished products business into a leading multi-polymer global player.

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05.12.2022 • News

SABIC, Aramco Invest in PKN Orlen

SABIC, Saudi Aramco and PKN Orlen have signed a joint development agreement to assess the technical and economic feasibility of a petrochemical project in the Polish city of Gdansk. The project would include a steam cracker and downstream plants.

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28.11.2022 • News

SABIC Confirms Plans for COTC Complex

SABIC has announced plans to set up a crude oil-to-chemicals (COTC) complex in Ras Al-Khair, Saudi Arabia. The complex is expected to convert 400,000 bbl/day of oil, the company said in a statement to the Tadawul stock exchange.

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21.09.2022 • News

SABIC at K Show 2022

During this year’s K show, SABIC will highlight its commitment to circular, sustainable solutions designed to reduce plastic waste and support the shift to product electrification.

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06.09.2022 • News

BASF, SABIC and Linde Start Building Demo E-cracker

BASF, SABIC and Linde have started building a plant to demonstrate using electricity instead of natural gas to heat steam cracker furnaces. The move follows the signing of a joint agreement in March 2021 to develop and demonstrate solutions for electrifying steam crackers.

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16.02.2022 • News

Borealis and ADNOC Said Hiring Banks for IPO

Plastics and fertilizer producer Borealis and Abu Dhabi National Oil Co (ADNOC), the United Arab Emirates’ largest oil company, are lining up banks to help arrange a potential listing of their plastics venture Borouge, the Bloomberg news agency has reported.

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08.02.2022 • News

Clariant to Sell Scientific Design Stake to SABIC

Clariant has signed definitive agreements to divest its 50% stake in the joint venture that owns Scientific Design Company to its long-term joint venture partner, SABIC. The Saudi group will execute a call option raised in 2015 to acquire the stake in the business bought by Germany’s Süd-Chemie in 2003 prior to its acquisition by Clariant.

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02.02.2022 • News

Exxon-SABIC JV Starts up new Texas Petchem Site

ExxonMobil and SABIC have brought on stream what they tout as the world’s largest ethane cracker. The facility at Portland, Texas, which is operated by the companies’ Gulf Coast Growth Ventures (GCGV), has capacity to produce 1.8 million t/y of ethylene.

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01.02.2022 • News

SABIC Boosts African Agri-nutrients Presence with ETG Stake

SABIC Agri-Nutrients has agreed to acquire a 49% stake in ETG Inputs Holdco for an enterprise value of $320 million. ETG Inputs Holdco blends and distributes fertilizers, seeds and crop protection products across Africa from its more than 350 distribution centers.

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28.01.2022 • News

Aramco and SABIC Explore Global Projects

Saudi Aramco has set its sights on becoming a global player in a number of petrochemical and energy fields. As one of its biggest projects, the world-leading oil producer recently announced plans to invest in the Polish chemicals sector. Together with its 70% subsidiary SABIC, it signed a Memorandum of Understanding (MoU) with Plock-based PKN Orlen to explore possibilities for cooperation.

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01.11.2021 • News

SABIC to Sink £850 Million into Wilton Cracker

With a capital injection of £850 million from parent company Saudi Aramco, petrochemicals and plastics producer SABIC has unveiled plans to restart the currently idled cracker at Wilton Teesside in northeast England. The company said the investment will help to implement the Kingdom’s new global carbon neutrality strategy called Saudi Green Initiative (SGI).

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15.10.2021 • NewsStrategy

A Pivotal Move to Net-Zero

Leading global chemical companies and the World Economic Forum (WEF) have announced that they are entering an agreement to formalize the Low-Carbon Emitting Technologies (LCET) initiative into a stand-alone entity by the end of 2023, to share early-stage risks and co-invest in developing and upscaling low-carbon emitting technologies.

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03.06.2021 • NewsStrategy

On the Way to Climate Neutrality

The EU Commission’s ambitious plan for a European Green Deal, launched shortly before the pandemic struck in early 2020, aims to make the continent the world’s first climate-neutral region by 2050. The goals spelled out in January last year call for reduction of greenhouse gas emissions by at least 50% up to 2030, compared with 1990 levels.

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25.03.2021 • News

BASF, SABIC and Linde in Cracker Electrification Pact

BASF, SABIC and Linde have signed a joint agreement to develop and demonstrate solutions for electrically heated steam cracker furnaces and are evaluating the construction of a multi-megawatt demonstration plant at BASF’s Ludwigshafen site in Germany, to start up in 2023.

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17.03.2021 • News

CO2-Neutral Chemical Industry

The European Chemical Industry has set out on an ambitious path to become carbon neutral. Germany, as one of the major chemical manufacturing nations, has committed to achieve this goal by 2050.

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04.02.2021 • NewsStrategy

BASF again Named World’s Most Valuable Chemicals Brand

A coalescing of factors has led to arrested growth across the chemicals sector this year, with the brand value of the top 25 most valuable chemicals brands contracting by 8% on average, according to the latest report by Brand Finance, an independent brand valuation consultancy.

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15.06.2020 • TopicsStrategy

Circular Economy

The chemical industry is on the threshold of a new era – the age of circularity. We asked industry experts to share their opinions on this transformational topic.

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14.05.2020 • News

SABIC in Saudi Battery Joint Venture

SABIC’s Nusaned Investment unit has set up a joint venture with SCHMID Group to develop and manufacture vanadium redox flow batteries at Dammam 3rd Industrial City.

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