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Sat, 07 Nov 2009 | 22:05 GMT
 

SABIC CEO Mohamed Al-Mady awarded Petrochemical Heritage Award

Press Release
 
 
30 March 2009
Mohamed Al-MadyMohamed Al-MadyLoading..., CEO and Vice Chairman of SABICSABICLoading..., was awarded the 2009 Petrochemical Heritage Award yesterday at the National Petrochemical and Refiners Association's International Petrochemical Conference in San Antonio, Texas. Al-Mady was recognized for his outstanding contributions to the petrochemical community and, as a recipient of this year's award, he joins a select group of honorees chosen in previous years for their distinguished service in the industry. The Petrochemical Heritage Award was established in 1997 to recognize leaders who inspire achievement and promote public understanding of the modern sciences, industries, and economies. The award was presented on behalf of the Chemical Heritage Foundation, the Founders Club and the National Petrochemical and Refiners Association at the NPRA's annual Symposium on Innovation and Entrepreneurship.

In making the award, Thomas Tritton, president and CEO of the Chemical Heritage Foundation, said, "The business of petrochemicals is an increasingly global one and no one knows better the challenges and opportunities of internationalization than Mohamed Al-MadyMohamed Al-MadyLoading.... As CEO of one of the largest petrochemical companies in the world, he has engineered SABICSABICLoading...'s growth from a regional to a global industry leader that is at the forefront of reshaping the worldwide chemical industry."

Mohamed Al-MadyMohamed Al-MadyLoading... has been Vice Chairman and Chief Executive Officer of Saudi Basic Industries Corporation (SABIC)Saudi Basic Industries Corporation (SABIC)Loading... since July, 1998. He joined SABICSABICLoading... in 1976 with a bachelor degree in Chemical Engineering from University of Colorado, USA in 1973 and a Master's Degree in Chemical Engineering from the University of Wyoming, USA in 1975. He has held various key positions within the company. In addition, he is Chairman of the Gulf Petrochemicals and Chemicals Association (GPCA), a member of the Board of the Boao Forum, a Fellow with the London Business School, a member of the World Economic Forum's International Business Council, and serves as a member to a number of university and business advisory boards."

- Ends -

About SABIC
Saudi Basic Industries Corporation (SABIC)Saudi Basic Industries Corporation (SABIC)Loading... is among the world's top 5 petrochemicals companies. The company is among the world's market leaders in the production of polyethylene, polypropylene and advanced thermoplastics, glycols, methanol and fertilizers.

SABICSABICLoading... operates seven interlinked business units: Chemicals, Performance Chemicals, Polymers, Innovative Plastics, Fertilizers, Metals and Manufacturing. SABICSABICLoading... has significant research resources and has 15 dedicated Research and Technology and application centers in the Middle East, the Americas, Europe and Asia-Pacific. The company operates in more than 40 countries across the world with over 33,000 employees worldwide.

In Saudi Arabia, the company has 20 world-scale complexes. Some of these complexes are operated with multi-national joint venture partners such as ExxonMobil, Shell and Mitsubishi Chemicals. Elsewhere, SABICSABICLoading... manufactures on a global scale in more than 45 sites in the Americas, Europe and Asia Pacific. SABICSABICLoading...'s overall production has increased from 35 million metric tons in 2001 to 56 million metric tons in 2008.

Headquartered in Riyadh, SABICSABICLoading... was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABICSABICLoading... shares with the remaining 30 percent held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.

For more information, please contact:
Othman Al-Humaidi
General Manager, Corporate Communications

© Press Release 2009

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