PHOTO
As a global leader in the chemical industry, SABIC plays a prominent role in the European Petrochemical Association’s (EPCA) annual meeting in Vienna from 7-10 October. The company’s Vice Chairman and CEO, Yousef bin Abdullah Al-Benyan, launched proceedings with a keynote address to an international audience of senior petrochemical industry executives, government officials and other dignitaries and stakeholders. In his address, Mr Al-Benyan focused on global sustainability challenges, the rise of ”Smart Cities” and SABIC’s strategy to advance sustainability solutions.
The Smart Cities concept is a response to the challenges faced by people living in densely populated urban areas: improving quality of life through reduction of CO2 emissions and waste, optimizing resources and energy consumption through the development of energy efficient buildings and home appliances, and increasing use of renewable energy.
As a demonstration of SABIC’s commitment to this vision, the company has already made a fully sustainable home a reality, with its ‘Home of Innovation’ in Riyadh’s Techno Valley. A single-family, demonstration home with a ‘net-zero’ energy balance – so generating equal amounts of energy as it consumes – it is SABIC’s template for comfortable, modern and sustainable living. Awarded a LEED Platinum rating from the Leadership in Energy & Environmental Design (LEED), the SABIC designed and built residence is the most energy and resource-efficient building in the Middle East.
“As a global leading company at the vanguard of the petrochemical industry, SABIC believes that successful companies of the future must integrate business with sustainable values,” said Al-Benyan.
Since SABIC’s inception over 40 years ago, when it was founded to create valuable uses for the waste gases being flared into the atmosphere as a by-product of petroleum production, sustainability has been a core value of the company and is, today, a pillar of SABIC’s 2025 strategy. With its commitment to deliver increasingly stronger performance in both environmental and social responsibility, SABIC was earlier this year selected by the Saudi government to represent the country’s private sector at the United Nations’ (UN).
As a key sponsor of EPCA 2018, SABIC also hosted the attendees’ dinner on the opening day.
-Ends-
ABOUT SABIC
SABIC is a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia. We manufacture on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics, agri-nutrients and metals.
We support our customers by identifying and developing opportunities in key end markets such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy.
SABIC recorded a net profit of SR 18.4 billion (US$ 4.9 billion) in 2017. Sales revenues for 2017 totaled SR 149.8 billion (US$ 39.9 billion). Total assets stood at SR 322.5 billion (US$ 86 billion) at the end of 2017. Production in 2017 stood at 71.2 million metric tons.
SABIC has more than 34,000 employees worldwide and operates in more than 50 countries. Fostering innovation and a spirit of ingenuity, we have 11,534 global patent filings, and have significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South Asia and North Asia.
The Saudi Arabian government owns 70 percent of SABIC shares with the remaining 30 percent publicly traded on the Saudi stock exchange.
SABIC Media Contacts
Danielle Willems
T: +31 46 722 3983
Marketing Solutions
Kevin Noels
E: knoels@marketingsolutions.be
T: +32 3 31 30 311
© Press Release 2018Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
