Saudi Basic Industries Corporation (SABIC), a global leader in the chemicals industry, has signed an agreement with Coolbrook, a transformational technology and engineering company based in Finland, to assess Coolbrook’s Roto Dynamic ReactorTM (RDR) technology in support of decarbonizing ethylene production.
SABIC is committed to achieving its stated decarbonization ambitions, 20 percent reduction by 2030 and carbon neutrality by 2050, and to supporting customers in achieving their own decarbonization ambitions. This new collaboration is one of SABIC’s many active programs aimed at reducing, and ultimately eliminating, the CO2 emissions from manufacturing facilities as well as supporting customers on their energy transition journeys.
One very promising option is the electrification of steam cracking plants which, in conjunction with the use of renewable power, has the potential to reduce the Scope 1 and 2 emissions linked with ethylene and propylene production by over 90 percent.
Aruna Subramanian MD – SABIC Venture
“This reaffirms SABIC’s commitment to becoming carbon neutral by 2050 through, among many pathways, the electrification of steam crackers. Collaborations with, and support of external innovations, such as Coolbrook’s RDR technology, is a testament to SABIC’s interest in driving our industry and world forward.”
In addition to pressing ahead with the commercialization of near-term available electrification technology, SABIC, via SABIC Ventures, its global corporate venturing arm, continues to stimulate the industry ecosystem and invest in a pipeline of early-stage technologies with the expectation that some of these, once fully developed, can be commercialized to support SABIC’s and the wider petrochemicals industry’s transition towards carbon neutrality. SABIC believes collaboration and partnership are key to achieving its ambitious climate targets in line with the industry’s growth aspirations.
Mr. Joonas Rauramo, CEO of Coolbrook, said that “SABIC is a global leader in petrochemicals, and we have already established a close cooperation relationship in The Netherlands, where both companies have a strong presence. We are confident that together we can have a significant impact on reducing the climate impact from ethylene production here and globally.”
Furthermore, SABIC has selected cracker electrification with the SABIC-BASF-Linde technology for inclusion in its 1st Adopter Program with the ambition of having a full commercial-scale electrical cracking furnace in operation at one of its manufacturing facilities within the next several years.
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