MOSCOW (MRC) -- The 2021 annual progress report highlights how the organization’s projects are beginning to deliver impact, after two years of foundation-laying work, according to Hydrocarbonprocessing.
Since 2019, the Alliance has developed a portfolio of more than 35 projects, currently in various stages of implementation, across 80 cities. The third edition of the report ‘Alliance in action’ showcased a year of actions and outlined its strategy to deliver ambition of greater impact, inspired by the collective action of partners around the world.
SABIC is a founding member of the Alliance since its inception in 2018 and in his members message Yousef Al-Benyan, SABIC Vice Chairman and CEO, reflected: “At SABIC, we believe plastic can be part of a sustainable future and we are taking action, working towards the collective aim of a circular plastics economy. We are collaborating with partners to find innovative solutions and new ways to design, produce, use, and recycle plastic and close the loop on plastic waste.
He added: “This year has also seen SABIC working with customers and partners to find new ways to recover and recycle ocean and ocean-bound plastic waste, which have found their way into our environment and waterways to create new valuable plastic materials. In doing so, we are not only helping to address the issue of end-of-life plastics, but these programs also contribute to the social and economic growth in those local communities.”
During the year, the Alliance grew its portfolio of projects by about 80% and now covers Europe and the Americas as well. It now also includes investments and partnerships to develop and test-bed technologies that will help improve waste sorting - through the HolyGrail 2.0 Digital Watermarks Initiative - or improve the value of difficult-to-recycle plastics.
“Despite the effects of the ongoing COVID-19 pandemic, we set in motion efforts to scale for impact and we are beginning to see early results,” said Jacob Duer, President and CEO of the Alliance. “The Alliance remains fully committed to our ambition of diverting millions of tons of plastic waste from the environment.”
He added: Our confidence is grounded on a clear strategy guiding our work—to develop, deploy and de-risk solutions at the seed stage and to close gaps in the plastics circular economy. This year, we have begun demonstrating that with our investment of time, financial and technical resources, the approach works.”
As MRC informed before, earlier this month, Omani state energy company OQ signed a memorandum of understanding (MOU) with petrochemicals giant Saudi Basic Industries Corp (SABIC) on developing Oman's Duqm petrochemical complex project.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,047,100 tonnes in the first ten months of 2021, up by 17% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,226,530 tonnes in January-October 2021, up by 26% year on year. Supply of propylene homopolymers (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding stat-copolymers of propylene (PP random copolymers) decreased significantly.
Saudi Basic Industries Corporation (SABIC) ranks among the world's top 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.