HomeGreen InfrastructureCircular EconomySABIC sets 1M tons recycling target

    SABIC sets 1M tons recycling target

    Saudi Arabia-based conglomerate SABIC (Saudi Basic Industries Corp.) says it is reaffirming its commitment to “accelerate the circular carbon economy” by setting a target to make 1 million metric tons annually of its recycled-content TruCircle plastic by 2030.

    The firm stated its ambition to process 1 million metric tons of the recycled-content resins annually at the January 2023 World Economic Forum Annual Meeting in Davos, Switzerland.

    At the event, Abdulrahman Al-Fageeh, CEO of the firm, said, “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 eco system of waste management. Therefore, we are working hard with downstream and upstream partners to accelerate this process.”

    SABIC announced at the 2019 Davos event that it intended…

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