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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.

Published Source: Arab News
Dark smoke rising behind residential buildings in an urban area
Photo: Arab News

Saudi petrochemical giant SABIC announced on October 26, 2026, that its multibillion-dollar petrochemical complex in Fujian, China, remains on track to start operations in the fourth quarter of 2026.

Speaking during the company's third-quarter earnings call, Chief Executive Officer Faisal Al-Faqeer confirmed that three plants designed to produce polyethylene and polypropylene completed trial runs successfully on their first attempt.

The project update accompanied SABIC's third-quarter 2026 financial report, which showed an adjusted net income of $224.3 million. The result reversed an adjusted net loss of $101.4 million recorded in the preceding quarter.

SABIC's revenue for the quarter reached $7.52 billion, representing a 14 percent increase quarter-on-quarter, while adjusted EBITDA rose 40 percent to $1.26 billion. The company reaffirmed its global transformation target of delivering $3 billion in recurring annual EBITDA improvements by 2030, noting it has achieved $950 million year-to-date.

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