Advanced Petrochemical Co 2021 AR2
The report highlights Advanced Petrochemical Company's performance and strategic initiatives for the fiscal year 2021. The company achieved its highest-ever net profit of SAR 815 million, driven by cost optimization, operational excellence, and a dynamic marketing strategy. In terms of safety, Advanced completed 20 million safe man-hours in 2021 and maintained its focus on Responsible Care. The company also advanced its growth strategy with the execution of the new PDH-PP-IPA project in Jubail and obtained feedstock allocation for a new petrochemical complex. Additionally, Advanced developed its ESG framework based on a sustainability materiality assessment and was recognized with the HRH Princess Seetah Bint Abdulaziz CSR Award.
Company: Advanced Petrochemical Co
Sector: Manufacturing
Country: Saudi Arabia
Year: 2021
Type: AR2
Pages: 50
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Advanced Petrochemical Co
Annual Report
The report highlights Advanced Petrochemical Company's performance and strategic initiatives for the fiscal year 2021. The company achieved its highest-ever net profit of SAR 815 million, driven by cost optimization, operational excellence, and a dynamic marketing strategy. In terms of safety, Advanced completed 20 million safe man-hours in 2021 and maintained its focus on Responsible Care. The company also advanced its growth strategy with the execution of the new PDH-PP-IPA project in Jubail and obtained feedstock allocation for a new petrochemical complex. Additionally, Advanced developed its ESG framework based on a sustainability materiality assessment and was recognized with the HRH Princess Seetah Bint Abdulaziz CSR Award.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available