MOSCOW (MRC) -- Saudi Basic Industries Corporation (SABIC) will launch four new state-of-the-art technology and innovation facilities in 2013, according to the company's press release.
The new centres include two in Saudi Arabia and one each in India and China, bringing the total number of its research facilities around the world to 18.
SABIC is going to invest around half a billion US dollars into its new facilities. This move represents the company's strategic investment to improve technology, applications and solutions and meet the needs of an increasingly sophisticated marketplace, as well as address a wide variety of sustainability issues, according to Mohamed Al-Mady, SABIC Vice Chairman and CEO.
The two centers in Saudi Arabia are the Corporate Research & Innovation Center (CRI) at King Abdullah University of Science and Technology (KAUST) in Thuwal, near Jeddah, and the other, the SABIC Plastic Applications Development Center (SPADC) in Riyadh Techno Valley at King Saud University (KSU) in Riyadh.
The SPADC, which is set to open in the second quarter of the year, aims to develop new applications and products that support SABIC’s business growth. The SPADC aims to be the center of excellence for automotive, packaging, consumer, construction, signage, and compounding. It will help develop new plastics applications and extend technical support to local and international customers in various fields, including polymers, elastomers and specialty products.
The Bangalore research center is scheduled to open in the second quarter of 2013, while the center in Shanghai will be opened in the third quarter of 2013. These two centres will deal with application development, strategic business and corporate research. Their aim is to support business as strategic centres of excellence to cater to global and regional needs.
We remind that, as MRC informed previously, in October, 2012, Sabic signed a multi-year agreement with the University of Cambridge, UK, to allow Sabic researchers to work with world class teams of scientists in the areas of chemical engineering, biotechnology, energy, functional materials and modeling. Sabic signed four other research collaboration agreements earlier last year - with the Dalian Institute of Chemical Physics, China, ETH Zurich, Switzerland, National Research Council, Italy, and Fraunhofer-Gesellschaft, Germany.
Besides, SABIC and Shell announced in November, 2012, that they were progressing plans for the expansion of various projects at the Saudi Petrochemical Company (Sadaf). The joint venture partners are also looking to expand their partnership beyond Saudi Arabia. Both parties are developing a full range of polyols (a polyurethane building block) and styrene monomer propylene oxide (SMPO) plants at the existing Sadaf site, which is located in one of the world's largest and most competitive petrochemical complexes - the Al Jubail industrial zone on Saudi Arabia's eastern coast. SABIC and Shell will jointly conduct the necessary studies to implement the project.
Sabic is ranked among the world's largest petrochemicals manufacturers. It is the largest public company in Saudi Arabia. The comany manufactures chemicals and intermediates, industrial polymers, fertilizers and metals. It is currently the second largest global ethylene glycol producer. Among its products are propylene, paraxylene, styrene, polystyrene (PS), melamine, vinyl chloride monomer, polyvinyl cloride (PVC), polyethylene (PE), polypropylene (PP), polyester.
MRC