Saudi Basic Industries Corpora-tion (SABIC) is making a significant contribution in carbon capture and storage through initiatives, such as the world’s largest CO2 purification plant at its manufacturing affiliate United, SABIC’s acting Vice Chairman and CEO Mohammed Al-Benyan said at the Carbon Sequestration Leadership Forum (CSLF) in Riyadh.

“SABIC recognizes international concerns about climate change and that taking action is a priority,” Al-Benyan said during a keynote speech. “We are part of the solution because our products can help reduce CO2 emissions and help our customers to meet their sustainability goals.”

SABIC, Saudi Aramco, and the Ministry of Petroleum and Mineral Resources of Saudi Arabia are collaborating to host the sixth meeting of the CSLF in Riyadh from Nov. 1-5.

“Taking action on GHG makes business sense because operational energy and resource efficiency lowers operating costs and low carbon sustainable solutions provide lower risk growth opportunities,” Al-Benyan added.

The forum included exhibition by the participants. SABIC’s contribution to the event included a new video explaining the CO2 purification plant in Jubail, the reasons for its design, and the benefits it brings to Saudi Arabia and the global drive to control carbon emissions and promote sustainability.

The plant compresses and purifies around 1,500 tons of CO2 per day from ethylene-glycol plants, which is then pipelined to SABIC affiliates for methanol and urea production. The plant is expected to save 500,000 tons of CO2 emissions every year.

SABIC encourages governmental support and policies that accelerate technology development and innovation, and sharing of best practices. The company engages internationally and provides Middle East leadership through active participation in a number of organizations that encourage collaboration and advocate for sustainability.

SABIC says it supports and actively seeks participation in mechanisms that fits its business needs and helps accelerate CO2 reduction efforts.