With operations in over 50 countries and 10,090 patents and pending applications in 2021, SABIC works with universities, institutes, and research centers to promote collaboration in fundamental and applied research. And the company also has a Corporate Technology and Innovation initiative that comprises research projects across 20 centers with a focus on technologies, including nanotechnology, AI, and machine learning. SABIC’s products include specialty engineered thermoplastic resins and compounds, composites, thermosets and additives, and additive manufacturing solutions. In 2021, SABIC established a partnership with chemical and industrial gas giants BASF and Linde to develop electrically-powered steam cracker technology that aims to reduce carbon emissions by over 90%. Besides these achievements, it plans to invest $1.4 billion into its Teesside petrochemical facility to reduce its carbon footprint initially by up to 60%. It also entered an agreement with the World Economic Forum and industry partners to formalize the “Low-Carbon Emitting Technologies Initiative” into a stand-alone entity by 2023.