Monday 17 January 2022

Sabic moving toward a more circular future: report

RIYADH, April 26, 2020

Several landmark internal decisions in 2019 helped Sabic emerge as a pioneer in the development of the circular economy – where renewables, resource conservation, waste reduction and recycling contribute to business growth, a report said.

Sabic has released its Sustainability Report 2019, covering performance over the past year and detailing how sustainability fits into the company’s broader global business strategy. Titled “Toward a Circular Future,” the report builds on the reputation of the company as a global leader in chemicals that embeds sustainable practices not only into its own business, but also into its entire value chain.

“We are driven by concern for plastics in the environment, the search for new ways to reuse and re-purpose materials, and a desire for effective regulations, especially in packaging. These priorities have led to investments in circular product-solutions and our ability to accept chemically recycled feedstock,” said Dr Abdulaziz Saleh Aljarbou, Sabic chairman.

Yousef Abdullah Al-Benyan, vice chairman and chief executive officer, said: “Sabic witnessed excellent progress and we continued to recognize global concerns for creating a more sustainable society.  Demand for circular solutions increased this year, as did opportunities for renewable energy and regional climate regulations. We have circular economy strategies that will lead to industry-leading projects in all our global regions.”

Sabic’s impressive and growing range of circular solutions include a chemical recycling mega-project that will turn mixed plastic waste back into the original polymer; a semi-commercial, pre-treatment facility to increase the supply of chemically recycled feedstocks; and the TRUCIRCLE portfolio of circular solutions, which are already helping Sabic’s customers in several key markets to reach their own sustainable goals.

The Sustainability Report highlights how Sabic works with – and is sometimes a driving force behind – international organizations that are contributing to a sustainable world and helping to tackle some of the biggest challenges facing the industry and the planet. It is a transparent insight into Sabic’s approach to delivering ‘Chemistry that Matters’ to customers, suppliers, governments, NGOs, and communities all over the world. – TradeArabia News Service


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