Saudi Basic Industries Corp 2024 IR
The report highlights SABIC's performance and strategic progress in 2024, emphasizing its transition toward a circular economy and lower-carbon solutions. Key achievements include the startup of the world's first large-scale demonstration plant for an electrically heated steam-cracking furnace in partnership with BASF and Linde, and the launch of a low-carbon methanol portfolio using captured CO2. The company also achieved its best-ever safety performance with a Total Recordable Injury and Illness Rate of 0.09 and zero fatalities. Financially, SABIC recorded revenues of SAR 140 billion and a 61% increase in net income from continuing operations, while expanding its local content score to 48.3% through the NUSANED initiative.
Company: Saudi Basic Industries Corp
Sector: Materials
Country: Saudi Arabia
Year: 2024
Type: IR
Pages: 288
Saudi Basic Industries Corp
Integrated Annual Report
The report highlights SABIC's performance and strategic progress in 2024, emphasizing its transition toward a circular economy and lower-carbon solutions. Key achievements include the startup of the world's first large-scale demonstration plant for an electrically heated steam-cracking furnace in partnership with BASF and Linde, and the launch of a low-carbon methanol portfolio using captured CO2. The company also achieved its best-ever safety performance with a Total Recordable Injury and Illness Rate of 0.09 and zero fatalities. Financially, SABIC recorded revenues of SAR 140 billion and a 61% increase in net income from continuing operations, while expanding its local content score to 48.3% through the NUSANED initiative.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Total Waste
Women on Board
Workplace Fatalities
Net Zero Target
Employees