8/6/22, 12:53 PM Single Use Plastic Ban: Single-use plastic challenging, but brings its own value: Saudi

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Business News › Industry › Ind'l Goods/Svs › Paper / Wood / Glass/ Plastic/ Marbles › Single-use plastic challenging, but brings its own value: Saudi Basic Industries Corp

Single-use plastic challenging, but brings its own

value: Saudi Basic Industries Corp
By Kalpana Pathak, ET Bureau Last Updated: Jun 28, 2022, 11:59 AM IST
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Synopsis
Sabic is a founding member of the Alliance to End Plastic Waste, a non-profit
organization consisting of 27 global companies to advance solutions to help reduce
mismanaged plastic waste in the environment.

As India races ahead to ban single-use

plastic, for the Saudi Basic Industries
Corporation (Sabic), a petrochemical
Discovering the Purpose behind Business
major, the solution lies in designing and Life
materials, with recyclability in mind. AD ETBrandequity KNOW MORE

Sabic is 70% owned by Saudi Aramco

with the remaining 30% publicly traded
Popular in Ind'l Goods/Svs
on the Saudi stock exchange.

1. Coal stock position will be
comfortable after monsoon
"We recognise the challenge with single use plastics, it's why we were
founding members of the Alliance to End Plastic Waste. But at the end of the
day, we have to get much better at developing the whole value chain around 2. L&T Group aims Rs 2.7 Lakh
crore revenue By FY26:
managing plastics and dealing with the end of life issue," said Bob Maughon, Chairman A M Naik
executive vice-president, sustainability, technology & innovation and chief
technology and sustainability officer at Sabic.

Maughon added that Covid, though was a horrible challenge for everyone, also
did point to a reminder that single-use plastic materials do bring value. "They
bring value in garments, in PPE (personal protective equipment) and in
protecting our food. But that also creates a challenge, which would actually
lead to an increase in plastic waste. We have to deal with the end of life of
those issues."

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