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DUBAI - Petrochemicals giant Saudi Basic Industries Corp's (SABIC) chief executive, Yousef Abdullah al-Benyan, on Thursday said it will cost the company $3 billion to $4 billion to achieve its carbon emissions neutrality target.
The company on Saturday announced plans to meet carbon neutrality by 2050.
"We anticipate this will initially cost between $3bln to $4 bln," al-Benyan said in a news conference after the company published third-quarter financial results.
(Reporting by Hadeel Al Sayegh Editing by David Goodman) ((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))