Sittard, the Netherlands – October 14, 2010 – SABIC will present two new product groups from its Performance Chemicals Strategic Business Unit - Ethanolamines and Ethoxylates - at the 57th SEPAWA Congress & European Detergents Conference (EDC) to be held in Fulda, Germany, from October 13-15, 2010.
This year SABIC will participate for the first time as an exhibitor at the annual congress, which is considered as one of the most significant meeting points for the industry. With a membership of more than 1,200 companies drawn from all sectors of the chemical industry, SEPAWA is one of the largest independent professional associations in Europe. SABIC sees the congress as an important opportunity to present itself as a strong partner to existing and future European and global customers.
SABIC’s Performance Chemicals Business operates three Business Units: Base Products, Functional Polymers and Functional Chemicals. Ethanolamines and Ethoxylates, produced at SABIC’s Saudi Kayan plant in Jubail, Saudi Arabia, are part of the Functional Chemicals product range and are used, amongst others, in household detergents and personal care products.
“SABIC’s Performance Chemicals Business aims to diversify the SABIC product portfolio and accelerate the exploration of new chemical and polymer value chains to meet our customers’ needs”, says Rusmir Niksic, SABIC General Manager, Functional Chemicals. “The European market is one of the key areas for SABIC’s growth strategy in performance chemicals where the company aims to expand its networks in sales, marketing and distribution. SABIC intends to combine its knowledge of customer desired applications and processes, product quality, technology platforms, customer service excellence and security of feedstock supply to create value, facilitate growth and spur innovation for its European customers”.
“At SEPAWA, we will introduce our initial product portfolio including a range of fatty-alcohol ethoxylates and polyethyleneglycols. In the next few years we also plan to launch additional chemistries which include polysorbates, castor oil ethoxylates and other products required by our global customers which our Technology & Innovation group is working on. The ethanolamine range will include mono, di and tri grades”, says Turki Al-Hamdan, SABIC Global Business Manager, Ethoxylates & Amines. “SABIC’s established position in ethylene oxide and the recently-announced natural fatty-alcohol project will be leveraged to create value for our customers”, added Al-Hamdan.
SABIC is exhibiting at K’ 2010 in Düsseldorf, Germany in Hall 6, Stand D42.
For K2010 SABIC’s focus is a Culture of Innovation, which means investing in Growth, Technology, Sustainability and Customer Focus. We help our customers to innovate, differentiate their applications and optimize costs by:
• investing in global expansion,
• providing the broadest product portfolio that delivers better performance and adds value,
• developing environmentally responsible products and solutions that provide significant and measurable performance advantages,
• working closely with our customers to build long-term relationships and lasting partnerships
Notes to Editors
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 Performance Chemicals
Performance Chemicals is leading the diversification of the SABIC product portfolio toward value-adding functional chemicals and polymers. The Performance Chemicals Business is aligned into three business units – Base Products, Functional Chemicals and Functional Polymers – each of which has created a distinct marketing approach. Performance Chemicals produces and markets technologically advanced products, such as ethanolamines, surfactants and other specialty products. Over the coming years, Performance Chemicals will introduce more than 40 new performance products and serve new customers in growing industries ranging from personal care, construction, automotive and alternative energy to aviation.
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).