Potential offtaker

Saudi Basic Industries Corporation (SABIC)

www.sabic.com

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Which other companies from Saudi Arabia are actively involved in decarbonization initiatives?
  • Saudi Telecom Company
  • Saudi Arabian Oil Co.
  • Arabian Cement Company
  • SABIC is a global leader in the production of basic and diversified chemicals. The company is headquartered in Riyadh, Saudi Arabia, and has operations in over 50 countries worldwide. SABIC is committed to sustainability and has made significant investments in decarbonisation and renewable energy.

    SABIC's core business is the production of chemicals, plastics, and fertilisers. The company produces a wide range of products, including ethylene, propylene, polyethylene, polypropylene, and methanol. These products are used in a variety of industries, including automotive, construction, healthcare, packaging, and agriculture.

    SABIC is committed to reducing its carbon footprint and has set ambitious targets to achieve decarbonisation. The company has pledged to reduce its greenhouse gas emissions by 25% by 2025 and to achieve net-zero emissions by 2050. To achieve these targets, SABIC is investing in renewable energy and energy efficiency measures.

    One of the ways SABIC is investing in renewable energy is through corporate power purchase agreements (PPAs). A corporate PPA is an agreement between a company and a renewable energy provider to purchase a specified amount of renewable energy over a set period of time. SABIC has signed several corporate PPAs with renewable energy providers, including a 25-year agreement with a wind farm in Spain.

    SABIC is also investing in corporate energy initiatives to reduce its energy consumption and increase efficiency. The company has implemented energy management systems at its facilities and has invested in energy-efficient equipment and technologies. SABIC has also implemented a program to reduce the energy intensity of its operations by 25% by 2025.

    In addition to its commitment to decarbonisation and renewable energy, SABIC is also committed to sustainability in its operations. The company has implemented a sustainability strategy that focuses on reducing waste, conserving resources, and promoting sustainable practices. SABIC has also developed sustainable products, such as bio-based plastics and fertilisers.

    SABIC's commitment to sustainability has been recognised by several organisations. The company has been named to the Dow Jones Sustainability Index for 11 consecutive years and has received numerous awards for its sustainability initiatives.

    SABIC's commitment to sustainability and decarbonisation is not only good for the environment, but it also makes good business sense. Consumers and investors are increasingly demanding sustainable products and practices, and companies that fail to meet these expectations risk losing market share and profitability. By investing in renewable energy and sustainable practices, SABIC is positioning itself as a leader in the industry and is well-positioned to meet the demands of a changing market.

    In conclusion, SABIC is a global leader in the production of basic and diversified chemicals. The company is committed to sustainability and has made significant investments in decarbonisation and renewable energy. SABIC's commitment to sustainability is not only good for the environment, but it also makes good business sense. By investing in renewable energy and sustainable practices, SABIC is positioning itself as a leader in the industry and is well-positioned to meet the demands of a changing market.

    ✓ Current offtaker under Corporate PPA's
    ✓ Climate Action 100+ company
    ✓ Declared Net Zero commitment
    Unleashing Sustainability: Decarbonizing Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms Methods

    Which companies in the industry of Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms have made significant pledges or efforts to address global warming?
  • MilliporeSigma
  • Koei Chemical Co., Ltd.
  • CARLIT HOLDINGS
  • PT Ecogreen Oleochemicals
  • SASOL LTD
  • Lubrizol Corp