23 Aug 2022

SABIC, through its joint venture company, SABIC SK NEXLENE Company (SSNC), expands capacity of Korea NEXLENE^™ plant for advanced polyolefin material solutions

Capacity expansion at joint venture plant in Ulsan to go on-stream in Q2 of 2024 to leverage its NEXLENE^™ technology for the production of advanced polyolefin materials including COHERE^™ POP, SUPEER^™ mLLDPE, and FORTIFY^™ POE
Growing demand for NEXLENE based polyolefin solutions expected e.g. in differentiated high-end market segments of photovoltaics, new mobility, footwear and advanced packaging solutions
Expansion supports SABIC’s 2025 growth agenda to increase operational efficiency, create synergies and strengthen product offerings in its Petrochemicals business

SINGAPORE, August 23, 2022 - SABIC, a global leader in the chemicals industry, has announced that its SABIC SK Nexlene Company (SSNC) joint venture with SK Geo Centric (formerly SK Global Chemicals) in South Korea will expand the capacity of their plant in Ulsan for production of advanced material solutions using NEXLENE technology. The plant, operated by Korea Nexlene Company (KNC), supports the production of SABIC’s broad portfolio of COHERE^™ metallocene polyolefin plastomers (POP), SUPEER^™ metallocene linear low density polyethylenes (mLLDPE) and FORTIFY^™ polyolefin elastomers (POE).

The capacity expansion will become operational in the second quarter of 2024 to meet a growing demand for NEXLENE based polyolefin solutions in several differentiated high-end market segments. Target applications include encapsulant film for use in photovoltaics, enabling energy transition, as well as innovations in new mobility, lighter weight & resilient footwear applications and enhanced packaging solutions to reduce food wastage.

Sami Al-Osaimi, Vice President of PE & Sales, SABIC, and Board Chairman for SSNC said, “We have identified a strong trend towards customized and high-performance polyolefins, especially metallocene polyethylene materials, in several important new technology markets.” He added, “Our COHERE POP, SUPEER mLLDPE and FORTIFY POE polymers are ideally positioned to meet the needs of our global customers for enhanced toughness, flexibility, elasticity, heat-sealing properties, and optical properties, amongst others. The KNC plant capacity increase will provide the operational efficiency to boost the growth of these NEXLENE based materials. At the same time, it will give us a significant competitive edge to strengthen the market penetration of our brands.”

The innovative NEXLENE technology combines a bimodal solution process with a proprietary metallocene catalyst to yield state-of-the-art ethylene copolymers with tailored molecular weight distribution and modality.

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ABOUT SABIC

SABIC is a global diversified chemicals company, headquartered in Riyadh, Saudi Arabia. It manufactures on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: chemicals, commodity and high performance plastics, agri-nutrients and metals.

SABIC supports its customers by identifying and developing opportunities in key end-use applications such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy.

SABIC recorded a net profit of SR 23 billion (US$ 6.15 billion) in 2021. Sales revenues for 2021 totaled SR 174 billion (US$ 46.6 billion). Total assets stood at SR 318 billion (US$ 84.9 billion) at the end of 2021. Production in 2021 stood at 58 million metric tons.

The company has more than 31,000 employees worldwide and operates in around 50 countries. Fostering innovation and a spirit of ingenuity, SABIC has 10,090 patents and pending applications, and has significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South Asia and North Asia.