SearchSTRATEGIC BUSINESS UNITS AND SEGMENTS
SABIC's strategy responds to transformative shifts in the chemical industry and aligns with the goals of Saudi Vision 2030.
PETROCHEMICALS: CHEMICALS
- Profitably growing through competitive feedstock, assets and platforms, selective integration, advanced technology, strategic partnerships, and synergies with Saudi Aramco.
- Progressing toward circularity through targeted investments and innovation.
- Enhancing operational excellence across our existing and growth businesses, while ensuring safety and reliability.
- Sustaining and enhancing product leadership in key global markets.
PETROCHEMICALS: POLYMERS
- Strengthening our portfolio, technology, and market-leading positions globally.
- Enhancing commercial, supply chain, and operational excellence.
- Driving differentiation across applications and industry segments.
AGRI-NUTRIENTS
SABIC Agri-Nutrients Company was launched on January 1, 2022, following the consolidation of all related investments and assets. Since its establishment, the company has made steady progress in positioning itself for future opportunities driven by the energy transition, while capitalizing on the current nitrogen upcycle. It aims to strengthen its leadership in global fertilizer markets, establish a foothold in the evolving low-carbon ammonia sector, and fulfill its role as a national champion supporting Saudi Arabia’s Vision 2030. To achieve these goals, SABIC Agri-Nutrients leverages its competitive assets and feedstock platforms, operational excellence, global leadership, and technology and innovation capabilities, while extending its position along the value chain and offering differentiated products and solutions to farmers.
PROJECTS
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| IN FOCUS: SABIC -Fujian project | SABIC announced its final investment decision for the Fujian Petrochemical Complex in China—a 51:49 joint venture with Fujian Fuhua Gulei Petrochemical. Located in Gulei Industrial Park, the project will feature a mixed-feed steam cracker with an annual ethylene capacity of up to 1.8 million tons, supported by a series of world-class downstream facilities, including ethylene glycol (EG), polyethylene (PE), polypropylene (PP), polycarbonate (PC), and several other units. Set for completion in 2026, it marks SABIC's largest investment in China and the biggest foreign investment in Fujian. |
Read more about our future projects around growth, sustainability, and strategic portfolio optimization.
Read more about how we build competitive and sustainable assets .
Disclaimer: This abridged interactive version of the SABIC Integrated Annual Report 2024 is based on the original PDF report published on this website. In case of any discrepancy, the original PDF report will prevail.