SABIC

Industry News

SABIC Confirms Fujian Petrochemical Complex on Track for Fourth-Quarter Startup

Saudi petrochemical major SABIC confirmed that its multibillion-dollar Fujian complex in China is scheduled to begin operations in the fourth quarter of 2026. Chief Executive Officer Faisal Al-Faqeer stated that three polyethylene and polypropylene units completed successful trial runs on their first attempt. The progress coincided with SABIC posting a third-quarter adjusted net income of $224.3 million.

China–UAE News

SABIC and Dubai Holding Lead September’s Top Regional Construction Contracts

SABIC and Dubai Holding led regional contract awards in September across energy and construction sectors. A major highlight was Dubai Holding awarding an AED 5 billion contract to China State Construction Engineering Corporation Middle East (CSCEC ME) for its new headquarters and residential towers. In Saudi Arabia, SABIC Agri-Nutrients awarded an EPC contract valued at nearly $3.47 billion to Samsung E&A.

Industry News

SABIC Backs Rongsheng in 67.5 Billion Yuan Zhoushan Petrochemical Project

China's Rongsheng Group is advancing a 67.5 billion yuan new materials petrochemical complex on Jintang Island in Zhoushan with strategic capital from Saudi Arabia's SABIC. The project targets high value-added downstream chemical products including performance resins and specialty polyesters. The collaboration establishes an integrated cross-border supply chain combining Gulf energy resources with Chinese engineering and manufacturing.