SABIC's 1.8 million ton/year ethylene project in Fujian entered trial operation, part of a 44.8 billion RMB investment strategy. The company plans additional material plants, strengthening its role in
SABIC's CEO stated there is no shipping impact from Bab al-Mandab disruptions, though logistics costs have risen. Sales volume fell 33% in Q2 as the regional crisis affected petrochemical operations.
GPCA appoints a former SABIC CEO as its new chairman, succeeding Fageeh who retired in April.
SABIC announced CEO Fageeh will retire on April 1, succeeded by Faqeer from Aramco’s liquids-to-chemicals segment. This leadership change impacts the major petrochemical corporation's strategic direct
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