Sipchem targets expanding all activities, investing in new tech

One of Sahara International Petrochemical Co.’s (Sipchem) plants

Sahara International Petrochemical Co. (Sipchem) focuses not only on expanding production and sales but all its activities through investing in new technologies aimed at sustainability and reducing its carbon footprint, with the possibility of achieving lower levels of emissions in all its operations. 

Sipchem is currently moving with determination and confidence towards achieving results that match its ambition, taking advantage of business flexibility, backed by its capabilities, and the presence of its marketing offices in Asia and Europe. 

Additionally, the company is benefiting from a product mix, to attain more achievements, by harnessing all energies that help it respond to changes in global markets. 

This has helped it post results on par with those in Q4 2022. 

Sipchem will continue to implement its strategy based on five main pillars, namely growth, profitability, sustainability, digital transformation and human resources. 

This is by increasing productivity in the field of petrochemicals and polymers, as well as developing added-value projects with local and international partners.

According to data compiled by Argaam, Sipchem reported a fall of 56% in Q1 2023 net profit to SAR 470.3 million from SAR 1.07 billion a year earlier.