- Challenging macroeconomic environment marked by sluggish global growth, higher inflation, and reduced margins.
- Global trends creating structural changes in the petrochemical industry, bringing risks.
- Supply chain disruptions due to geopolitical uncertainties and global economic slowdown.
- Rising energy prices and heightened competition for resources.
- Fast-evolving regulations, capital availability, aging plants, or lack of mature renewable technology.
Saudi Basic Industries Corporation (SABIC)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Saudi Basic Industries Corporation (SABIC) disclosed greenhouse gas emissions of 43.6M tCO2e/year. By scope: Scope 1: 32.4M tCO2e/year; Scope 2: 11.2M tCO2e/year; Scope 3: 30.12 Mn. tCO2e/year. 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
43.6M tCO2e/year
2023
Water Usage
259 million m3/year
2023
Waste
484.6K metric tons/year (hazardous); 139655 metric tons/year (non-hazardous)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 32.4M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 11.2M tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 30.12 Mn. tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 43.6M tCO2e/year |
| 2022 | 52.1M tCO2e/year (Scope 1 & 2) |
| 2019 | 54.9 million tCO2eq |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reached a crucial milestone on the world’s first electrically-heated steam cracker furnace project with BASF and Linde.
- Made further strides into low-carbon ammonia and urea with new shipments to India, Taiwan, and New Zealand.
- Set target of one million metric tons of annual TRUCIRCLE™ sales by 2030.
- 12.5% reduction of absolute scopes 1 and 2 GHG emissions since 2018
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 25% by 2025 (from 2010 baseline)
- Reduce GHG emissions intensity by 25% by 2025 (from 2010 baseline)
- Reduce energy intensity by 25% by 2025 (from 2010 baseline)
- Reduce material loss intensity by 50% by 2025 (from 2010 baseline)
📅 Medium-term
- Reduce absolute GHG emissions (scopes 1 and 2) by 20% by 2030 (from 2018 baseline)
- Achieve 1 million metric tons of annual TRUCIRCLE™ sales by 2030
- 50% of total electricity mix from renewable energy by 2030
🔭 Long-term
- All operations under SABIC control are carbon neutral by 2050
🌱 ESG Focus Areas
Resource efficiencyClimate change and energyInnovation and sustainability solutionsCircular economyGovernance and integrityEHSS (Environment, Health, Safety, and Security)