In an endeavor to redefine the recycling landscape in India, Pashupati Group, a vanguard in plastic waste recycling, has announced a landmark collaboration with the global chemical industry giant, SABIC. This partnership, formalized through a non-exclusive Memorandum of Understanding (MoU), marks a significant step forward in combining efforts to enhance recycling initiatives and extend SABIC’s […]
In a significant breakthrough for the Middle East and North Africa, TotalEnergies, Aramco, and SABIC have successfully converted plastic waste into ISCC+ certified circular polymers for the first time. This innovative process, which took place at the SATORP refinery in Jubail, Saudi Arabia, involves turning plastic pyrolysis oil or plastic waste derived oil (PDO) into […]
Saudi Aramco has obtained unconditional approval from the European Commission (EC) for its previously announced acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF) of Saudi Arabia for SAR 259.12 billion ($69 billion). The acquisition, which was announced a year ago, has all the unconditional approvals in […]