Development Agency Assistance - Introduction to SABIC_Ningbo Trustbelley Polymer Co., Ltd

Development Agency Assistance - Introduction to SABIC

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　　ABOUT SABIC

SABIC is one of the world's top petrochemical companies. The company is a global market leader in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
SABIC's business is divided into four strategic vision divisions: petrochemicals, special materials, agricultural nutrients and steel. With operations in more than 62 world-class facilities in 50 countries, SABIC has advanced research resources and innovation centers in five key regions: the Middle East, the United States, Europe, Southeast Asia and Northeast Asia. The company has more than 35,000 employees worldwide.
SABIC has manufacturing facilities worldwide, including Saudi Arabia, the Americas, Europe and Asia Pacific.
SABIC was founded in 1976 and is headquartered in Riyadh. At that time, the Saudi government decided to use hydrocarbon gas related to its oil production as the main raw material for the production of chemicals, polymers and fertilizers. The Saudi Arabian government holds a 70% stake in SABIC and the remaining 30% is held by private investors in Saudi Arabia and other Gulf Cooperation Council (GCC) countries.
Technology and innovation
We believe that innovation is the key to helping customers improve and grow their business. With 12,191 patents worldwide, we launch more than 150 new products every year.
In September 1976, Saudi Basic Industries Corporation (SABIC) was established under the Royal Decree, which was a pioneering practice for a developing country at the time. It makes breakthroughs in the use of by-products from the extraction of petroleum to produce high value-added goods (such as chemicals, polymers and fertilizers) for export. These commodities also help to develop local downstream industries and meet the requirements of different market sectors. Crude crude oil, which was once burned, has now become a valuable resource for the production of profitable environmentally friendly materials that benefit humanity.
In the late 1970s and early 1980s, the fishing village of Al-Jubail in eastern Saudi Arabia gradually developed into a modern industrial city, where the Saudi Yanbu and Jubail Royal Commission built infrastructure, the Saudi foundation. The industrial company (SABIC) builds a factory here and acquires technology through a joint venture.
Our joint venture with Hadeed, Al-Bayroni and Ar-Razi was commissioned in 1983 and subsequently produced in 1984 with Gas. Saudi Petrochemical Company (Sadaf), Yanbu Petrochemical Company (Yanpet), Arab Petrochemical Company (Petrokemya), Al Jubail Petrochemical Company (Kemya), Oriental Petrochemical Company (Sharq) and National Methanol Company (Ibn Sina) in 1985 It was officially put into production in the year and received wide acclaim from the media.
In 2002, Saudi Basic Industries Corporation (SABIC) began its global expansion. It first acquired the DSM Group's petrochemical business in Europe and later invested in the Netherlands, Germany and the UK. In 2006, Saudi Basic Industries Corporation (SABIC) acquired Huntsman Petrochemicals (UK) and renamed it as Saudi Basic Industries Corporation (SABIC) (UK) Petrochemical Company, further expanding the operational strength of the European division. . In 2007, Saudi Basic Industries Corporation (SABIC) acquired the General Electric Plastics Group, now the “Special Material Strategy Division”, which opened up new avenues for the development of advanced materials to provide customers with high value-added products.
Saudi Basic Industries Corporation (SABIC) will continue to explore global investment opportunities, strengthen its production, technology and marketing capabilities, and further strengthen its global leadership.
Since the company's inception, the growth of Saudi Basic Industries Corporation (SABIC) has never stopped. In 1985, the company's total output was 6.3 million metric tons, and in 2015, this figure has reached 70.4 million metric tons. In just 40 years, Saudi Basic Industries Corporation (SABIC) has become one of the world's largest petrochemical companies, committed to becoming the world's leading chemical industry leader.

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Development Agency Assistance - Introduction to SABIC