Sipchem operates in the polymer and petrochemical sectors across more than 100 countries. In December 2023, the company was awarded a $500 million engineering, procurement, and construction contract to expand the ethylene cracker plant at the Saudi Ethylene and Polyethylene Company. In 2023, it established a corporate venture capital, Sipchem InnoVent SA. It has 18 subsidiaries in Saudi Arabia, the Netherlands, Switzerland, and Singapore, including the Sahara Petrochemicals Company, Sipchem Europe Cooperative U.A., and Sipchem Asia PTE Ltd.