SABIC: Circular economy targets to 2030 unvei...

Circular economy targets to 2030 unveiled

(Source: SABIC)
(Source: SABIC)

During the World Economic Forum Annual Meeting in Davos/Switzerland, chemical company SABIC unveiled its ambition to process 1 million tons of Trucircle solutions annually by 2030. The Trucircle portfolio includes not only certified circular products, but also certified bio-based products, based on certified 2nd and 3rd generation renewable feedstock, and mechanical recycled polymers, ocean and ocean bound recycled solutions, as well as closed loop services and design for recyclability.
»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.«
Abdulrahman Al-Fageeh, CEO, SABIC

Trucircle solutions were showcased in Davos on January 16-20, 2023, at the company’s Innovation for the Circular Economy (ICEhouse), a distinctive concept-structure designed to demonstrate new possibilities for building in closed-loop carbon systems that reduce energy and material waste. Saudi Basic Industries Corporation (SABIC), Riyadh/Saudi Arabia, used its reception hosted in the ICEhouse with global business figures and policymakers, to outline its new advances.
In 2019 the company announced plans to build a world-first small-scale commercial unit to produce certified circular polymers from the advanced recycling of used plastics. Since then, SABIC has been employing existing facilities to process smaller volumes of advanced recycled materials for a variety of applications already available in the market.
Construction of the company’s first commercial unit in Geleen/Netherlands is now entering the final stages and deliveries of first circular polymers are expected in 2023. As a next step on the roadmap to meet this 2030 target, SABIC will upscale volumes globally of advanced and mechanical recycling as well as bio-based materials. In that context, the company also announced that it is exploring a new world-scale commercial advanced recycling investment that would have a potential capacity to process around 200,000 tons of circular materials per year, as well as other projects such as a small-scale advanced recycling plant in Saudi Arabia.
SABIC’s certified circular and certified renewable products are verified and authenticated in a mass balancing approach under the International Sustainability and Carbon Certification (ISCC) PLUS scheme.

Trucircle, ICEhouse = trademarks

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