Saudi Arabia: Decarbonization Sabic to Support its Global Projects to Become Carbon Neutral
Saudi Arabia has announced that it intends to become carbon neutral by 2060 and in this background Sabic, the country’s major petrochemicals company has developed a carbon neutrality strategy under which it plans to support its global projects by supplying innovative technologies to achieve this goal.
Riyadh/Saudi Arabia – At the Saudi Green Initiative conference which was held recently in Riyadh, His Royal Highness Crown Prince Mohammed Bin Salman pledged to make the Kingdom carbon neutral by 2060 and Sabic outlined its supportive plans to achieve carbon neutrality from global operations under its control.
Al-Benyan, CEO, Sabic said, “The aspiring targets set by His Royal Highness provide the foundation for a brighter, more sustainable future. As Saudi Arabia transforms towards carbon neutrality, the ripple effects will deliver significant benefits for the rest of the world.
“Saudi Arabia’s ambition is already inspiring more countries and regions to step up. As a proud Saudi company and an industry leader, Sabic is pleased to share our innovative technologies and invest for the future.”
Sabic announced one of its series of actions that the company is taking as part of its carbon neutrality strategy. The investment in Sabic’s Teesside, UK site will include strengthening its operations and enable its chemical cracker transformation. Thus, making it one of the world’s lowest carbon-emitting crackers.
Sabic is already contributing to the circular carbon economy through a range of landmark developments, including plastic chemical recycling, renewable energy deployment and its operation of the world’s largest CO2 capture and purification plant in Jubail, KSA.
Earlier this year the company also confirmed new collaborations aimed at developing and demonstrating solutions for electrically heated steam cracker furnaces; and establishing the world’s first large-scale chemical site to operate on 100 % renewable power.