08/30/2010

SABIC

SABIC’s strong commitment to Industrial Container solutions

Sittard, the Netherlands – July 14, 2010 – SABIC’s two new High Density Polyethylene (HDPE) grades for Industrial Container applications - SABIC® HDPE ICP4907S and SABIC® HDPE ICP5602 - are commercially available for the global market from now on. Both grades meet the latest market challenges offering an optimal balance of properties, improved processing behavior and the potential to reduce system costs. The structure of the two SABIC grades open up new opportunities for noticeably energy and material savings and cycle time reductions - which support converters to improve their cost-efficiency as well as their sustainability performance.

The two newcomers belong both to SABIC´s HDPE line for blow molding applications in industrial containers: the SABIC® HDPE Industrial Container Product (ICP) range. SABIC® HDPE ICP4907S is designed to meet the typical property requirements for Intermediate Bulk Containers (IBC) and tanks, up to 1000 litres and more. This new IBC-grade is moreover Ultraviolet (UV) stabilized. SABIC® HDPE ICP5602 is developed for applications in Tight Head drums varying from 25 up to 220 litres and more. Both grades have an outstanding stiffness/impact-balance, environmental stress crack resistance and chemical resistance, providing good protection for storage of hazardous substances and valuable liquids. What’s more, both grades meet the strict requirements for food packaging. All products of the SABIC® HDPE ICP line – including SABIC® HDPE ICP4907S and SABIC® HDPE ICP5602 – are able to meet the stringent recommendations of the United Nations (UN) and can therefore, subject to regular government approvals and registrations, be used for the production of UN-approved containers.

Both grades advance manufacturers’ drive for greater cost-efficiency. Their granule form – which is exceptional for low Melt Flow-grades within this segment – improves the handling and offers significant opportunities to reduce system costs. The usage of granules prevents material waste, improves machine efficiency and supports a safer product handling. Moreover, the relative high melt flow of SABIC® HDPE ICP4907S and SABIC® HDPE ICP5602 enables converters to exploit the potential to improve processing and reduce systems costs without compromising on excellent performance. Bottom line is that the two new products result in potential carbon dioxide emission reductions and cost savings.

“SABIC is proud to anticipate to the latest developments within the Industrial Container applications” explains Ron Reijntjens, Project Manager HDPE Industrial Containers. “It was only 1 year ago as we successfully launched the first grades of the SABIC® HDPE ICP range. And now, we are already taking it to the next level.” Due to its strong leverage to innovate and deliver, SABIC was able to expand its youngest HDPE family with grades that meet the current market challenges.

"SABIC developed these grades in response to the increasing market need for high performing grades that can meet the stringent UN regulations", comments Mario Scholle, Business Manager HDPE. The continuous development of this high performing SABIC® HDPE range shows SABIC’s strong commitment to the industrial container market. Scholle says, "The availability of these grades from a major polyolefins supplier such as SABIC enables customers to secure their supply and reduce complex, time consuming approval procedures and processes." SABIC will continuously work to support the container market, aiming to meet the current and future challenges.

This press release can be downloaded from www.PressReleaseFinder.com

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About SABIC

Saudi Basic Industries Corporation (SABIC) ranks among the world’s top six petrochemical companies. The company is among the world’s market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.

SABIC recorded a net profit of SR 9 billion (US$ 2.4 billion) in 2009. Sales revenues for 2009 totaled SR 103 billion (US$ 27 billion). Total assets stood at SR 297 billion (US$ 79.2 billion) at the end of 2009.

SABIC’s businesses are grouped into Chemicals, Polymers, Performance Chemicals, Fertilizers, Metals and Innovative Plastics. SABIC has significant research resources with six dedicated Technology & Innovation Centers in Saudi Arabia, Europe, the USA and India. The company operates in more than 40 countries across the world with 33,000 employees worldwide.

The company has 19 world-scale complexes in Saudi Arabia. Elsewhere, SABIC manufactures on a global scale in the Americas, Europe and Asia Pacific. SABIC’s overall production has increased from 35 million metric tons in 2001 to 59 million metric tons in 2009.

Headquartered in Riyadh, SABIC was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABIC shares with the remaining 30 percent held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.

About SABIC in Europe

In Europe, SABIC has 13 world-scale production facilities which manufacture innovative plastics, polyethylenes, polypropylenes and chemical products. Throughout Europe, SABIC employs approximately 6000 people.

The main European offices for three of SABIC’s strategic business units are located in The Netherlands - Innovative Plastics (Bergen op Zoom), Polymers (Sittard) and Chemicals (Sittard). They operate an extensive network of local sales offices and logistical hubs throughout Europe which are also responsible for the sales of products manufactured elsewhere in the world.

SABIC’s European research facilities form part of the global Technology and Innovation organization and can be found in the Netherlands (Geleen and Bergen op Zoom) and Spain (Cartagena).

Media Notes

• As an acronym, SABIC should be all caps whenever it appears in print.
• ® Trademark of SABIC

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Press Agency Contact
Kevin Noels
Marketing Solutions
Belgium
Phone +31 164 317 011
knoels@marketingsolutions.be