SABIC targets processing of 1 mln metric tons of TRUCIRCLE™ solutions by 2030

Logo of Saudi Basic Industries Corp. (SABIC)

Saudi Basic Industries Corp. (SABIC) reiterated its commitment to accelerating the circular carbon economy, unveiling its ambition to process one million metric tons of Trucircle™ solutions annually by 2030.

SABIC is committed to helping provide its customers with more sustainable solutions, SABIC Acting CEO Abdulrahman Al-Fageeh said during the World Economic Forum (WEF) annual meeting in Davos.

The target of one million metric tons of TRUCIRCLE™ solutions by 2030 intends to help usher in the new circular economy.

“Driving circularity for plastics will require a rapid transformation of the entire value chain, which is only possible through collective action, innovation, and collaboration across the industry and ecosystem of waste management. Therefore, we are working hard with downstream and upstream partners to accelerate this process,” , Al-Fageeh added.