SABIC announces its carbon neutral strategy at the Saudi Green Initiative Forum

Seetao 2021-10-25 13:24
  • Saudi Arabia is a founding member of the World Economic Forum's Low Carbon Emission Technology (LCET) Initiative
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SABIC announced its global carbon neutral strategy at the first Saudi Green Initiative held in Riyadh. A high-level delegation from the company attended the event, and they discussed Saudi Arabia’s vision for addressing environmental challenges with international heads of state and global leaders in business, finance, and civil society. SABIC Chairman Khalid Hashim Al-Dabbagh said: “SGI provides an ambitious framework to achieve the common goal of a green future. SABIC is an active contributor to several strategic initiatives announced today, including those aimed at producing hydrogen, reusing capture Strategic initiatives for carbon and recycling of plastics."

He added: “At SABIC, we recognize the power of cooperation to improve and protect the quality of life of the next generation. Sustainability is our DNA, and we are happy to contribute innovative technologies to accelerate our journey towards carbon neutrality.” SABIC’s deputy Chairman and CEO Yousef Al-Benyan joined an industry group at the event to discuss the scaling of new technologies and reiterated the company's global commitment to reducing greenhouse gas emissions and pursuing carbon neutrality. He said: “SABIC has made a unique contribution to SGI’s goals and has taken bold actions to support the Kingdom’s ambitions to achieve a circular carbon economy. Our global carbon neutral strategy reaffirms our commitment to the goals of the Paris Agreement. Commitment and continuous pursuit of solutions to reduce greenhouse gas emissions."

He added: “As the world hopes to expand its energy structure and reduce carbon emissions, many countries are competing for status. The vision of the 2030 vision, our abundant renewable resources and the innovative progress made by Saudi Arabian companies are making the cycle a reality. , Putting Saudi Arabia in a leading position leading the new energy revolution.” During the meeting, he outlined SABIC’s key circular innovation and cooperative efforts in transforming energy-intensive industries into renewable energy, as well as its role as a World Economic Forum’s low-carbon emissions Founding member of the Technology (LCET) initiative. In this cooperation, SABIC and 10 peer companies will share the early risks and jointly invest in the development and upgrade of LCET. SABIC is also cooperating to develop the world's first large-scale chemical base operating with 100% renewable energy, and in another project to develop a solution for electric heating steam cracking furnaces, which can reduce emissions by 90%. Keywords: engineering news, engineering construction

Al-Benyan also highlighted some of the company's achievements, including the demonstration of the blue ammonia supply chain and the development of the world's largest carbon dioxide capture and purification plant. The groundbreaking facility in Jubail and opened in 2015 can process up to 500,000 megatons of carbon dioxide each year into raw materials for industrial processes. The company's certified renewable polymer series provide an important bridge for the value chain to develop from a linear economy to a circular economy. Its iconic plastic chemical recycling process reduces carbon dioxide emissions by preventing the incineration of plastic waste. Editor/Xing Wentao