Formed in 1976, SABIC is a global leader in diversified chemicals. SABIC is headquartered in Riyadh, Saudi Arabia. In 40 years, SABIC has grown to become an $87 billion company with more than 45,000 employees worldwide, operating in more than 50 countries. The company manufactures on a global scale in the Americas, Europe, the Middle East and Asia/Pacific, making a wide range of products, including petrochemicals, metals, agri-nutrients and plastics.
30 YEARS OF OPERATIONS IN THE UNITED STATES
In 1987, SABIC opened its first offices in the United States and since 1988, has operated out of Houston, Texas, which was recently named the hub for its Americas Region operations.
In 2007, approximately two decades after establishing operations in the United States, SABIC acquired GE Plastics, a global leader in engineering thermoplastics. The acquisition expanded SABIC’s U.S. footprint. Today, SABIC operates six manufacturing facilities, together with 14 research and administrative facilities in 11 states. In addition, SABIC has two petrochemical manufacturing joint ventures in Louisiana: with TOTAL in a styrene plant in Carville, and with Williams in an ethylene plant in Geismar.
Today, SABIC employs about 4,500 people in the United States. As corporate citizens in the community, the well-being of SABIC’s employees, stakeholders and the communities and environments in which the company operates is a guiding principle:
- Investing in responsible supply chain and manufacturing solutions that reduce environmental impact
- Working with customers to develop sustainable products and processes
- Supporting local and regional communities worldwide with financial assistance and employee volunteerism
- Maintaining an outstanding record of health and safety in all our industrial operations
GULF COAST GROWTH VENTURES PROJECT
SABIC and ExxonMobil are evaluating jointly building a world-class plastics manufacturing facility in Texas or Louisiana, under a project called Gulf Coast Growth Ventures (GCGV). Both companies bring significant expertise to this project, having worked together in petrochemical joint ventures for more than 35 years. If the GCGV project moves forward, it is envisioned as a 50/50 joint venture between SABIC and ExxonMobil.
The capital investment by SABIC and ExxonMobil, if the companies decide to proceed with the project, is expected to create approximately 600 permanent jobs and generate billions of dollars in economic activity for the local area, the state and the country. The positive ripple effect of this economic activity would benefit the community, including local residents and businesses, and the state in which the project is located.
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