- Challenging market conditions adversely affecting margins for refined and petrochemical products.
- Significant increase in financing costs due to rising interest rates.
- Unplanned shutdown of the Ethane cracker unit and the High Olefins Fluid Catalytic Cracker (HOFCC) unit for maintenance and repairs.
- A one-off provision of Saudi Riyals 365.7 million relating to a claim raised by a third party.
Rabigh Refining and Petrochemical Company (A Saudi Joint Stock Company)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Rabigh Refining and Petrochemical Company (A Saudi Joint Stock Company) disclosed greenhouse gas emissions of 110.0K tCO2e/year (captured). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
110.0K tCO2e/year (captured)
2023
✅ Reported Environmental Achievements
- Mangrove Initiative: Planted 10,000 mangrove saplings.
- Commissioned an onsite Carbon Capture facility expected to capture 110,000 tons of CO2e per year.
- Executed a coral reef restoration project, creating nine coral nurseries and populating them with 355 coral fragments.
🎯 Climate & Sustainability Targets
🔭 Long-term
- Net-zero footprint aligning with Saudi Arabia's Green Initiative Forum target of 2021.
🌱 ESG Focus Areas
SustainabilityEnvironmental StewardshipSocial ResponsibilityCorporate Governance