As the company continues to invest in transformative technologies and collaborative partnerships, it is poised to play a leading role in shaping the future of the petrochemical industry

In a world increasingly focused on sustainability and technological advancement, SABIC is positioning itself as a leader in the petrochemical industry through groundbreaking innovations and strategic investments.

With a robust commitment to both segment-driven and process innovation, SABIC is not only enhancing its operational efficiency but also paving the way for a greener future, meeting the challenges posed by plastic waste and carbon neutrality head-on.

SABIC's Technology & Innovation (T&I) division is pivotal to the company's growth strategy, aiming to deliver low-carbon and circular solutions that cater to evolving market demands.

The company has set ambitious goals, pledging to sell 1 million tonnes of bio-based and circular products annually by 2030.

This commitment encompasses a wide range of applications, from automotive and electronics to innovative packaging solutions such as mono material stand-up pouches and HDPE hinge caps.

These initiatives are aligned with SABIC’s mission to tackle the pressing end-of-life issues associated with plastics.

Collaboration is a cornerstone of SABIC’s T&I strategy, with partnerships spanning the entire value chain, from waste management to brand owners and retailers.

By engaging with prominent organisations such as the Alliance to End Plastic Waste and the World Economic Forum, SABIC is driving collective solutions to industry-wide challenges.

The T&I function emphasises three key pillars: talent development, portfolio enhancement, and performance improvement, ensuring the company remains agile and responsive to market dynamics.

As digital transformation sweeps across industries, SABIC is harnessing emerging technologies to enhance its operational framework.

The launch of its Digital Transformation strategy is set to revolutionise the company's core business processes, utilising big data, machine learning, and artificial intelligence to drive efficiencies and reduce risks.

A key component of this strategy is the development of the STAR platform, a next-generation Enterprise Resource Planning (ERP) system designed to streamline operations and connect stakeholders worldwide, ultimately delivering greater value to customers.

SABIC’s commitment to innovation extends beyond traditional petrochemicals, as evidenced by its long-term partnership with Formula E, the world's first electric motorsport championship.

This collaboration not only promotes electrification but also positions SABIC at the forefront of automotive innovation.

The recent unveiling of the GENBETA race car, developed in conjunction with Formula E and utilising SABIC's cutting-edge materials, showcases the company's role in advancing electric vehicle technology.

The GENBETA achieved a remarkable speed of 218.71 kmph, setting a new Guinness World Record for Indoor Land Speed, further underscoring SABIC’s impact on the racing and automotive sectors.

With the global shift towards electric vehicles gaining momentum, SABIC’s Bluehero™ initiative aims to support the automotive industry in its transition to electric power.

By fostering an ecosystem of materials and expertise, SABIC is ensuring that manufacturers can expedite the development of advanced electric vehicle models.

In summary, SABIC's relentless focus on innovation and sustainability not only enhances its competitive advantage but also addresses critical environmental challenges.

As the company continues to invest in transformative technologies and collaborative partnerships, it is poised to play a leading role in shaping the future of the petrochemical industry and beyond.

By Abdulaziz Khattak