The first accredited low-carbon ammonia shipment to Japan has been sent by Aramco and SABIC.
Saudi Arabian oil giant Aramco and petrochemicals manufacturer SABIC have shipped the world’s first accredited low-carbon ammonia shipment to Japan
February 28, 2023
In 2022, SABIC experienced a 13% increase in revenue, totaling $53 billion.
Saudi Basic Industries Corporation (SABIC), one of the world’s largest petrochemical companies, reported a 28.35 percent decline in net profit to SR16.53 billion in 2022. The decline was attributed to lower profit margins and rising distribution costs. However, the company’s sales volume increased by 9 percent from the previous year, driven by growth projects, improved […]