SABIC chief says business innovation crucial for UN goals

SABIC chief says business innovation crucial for UN goals
Saudi's SABIC CEO Yousef al-Benyan attends the Saudi-India Forum in New Delhi, India, February 20, 2018. (REUTERS)
Updated 30 October 2019

SABIC chief says business innovation crucial for UN goals

SABIC chief says business innovation crucial for UN goals
  • SABIC recently launched TRUCIRCLE, an initiative that links the company’s innovative circular materials and technologies

RIYADH: Speaking to a group of innovators, investors and global leaders today at the third annual Future Investment Initiative (FII) in Riyadh on Tuesday, SABIC CEO and Vice Chairman Yousef Al-Benyan said that innovation and collaboration among global businesses will be crucial to meeting the UN’s Sustainable Development Goals (SDGs).
Speaking on a panel about “Investing for Impact,” Al-Benyan focused on the UN’s SDGs while touting SABIC’s achievements in sustainability and shared future ambitions. “I have said before that there are disruptive forces reshaping our industry, our customers and our world,” he said. “We see these as opportunities to build partnerships and devise innovative solutions that respond to these challenges.”
SABIC recently launched TRUCIRCLE, an initiative that links the company’s innovative circular materials and technologies. It seeks new partners to address one of the world’s most urgent sustainability challenges: The reduction of mixed plastic waste. The program includes bio-based renewable polymers, mechanically recycled polymers and SABIC’s flagship certified circular polymers, which are made from the chemical recycling of mixed plastic waste.

“There are disruptive forces reshaping our industry, our customers and our world.”

Yousef Al-Benyan, SABIC CEO and vice chairman

Circular polymers, Al-Benyan said, are key to fulfilling the promise of a circular economy, and stemming the flow of plastic waste into waterways and ecosystems.  “We are collaborating with our upstream suppliers and downstream customers on disruptive innovation that returns mixed plastic waste back to the original polymer for packaging applications. This is an example of the circular economy at work.”
SABIC has also made strides in reducing carbon dioxide emissions from its industrial processes. These efforts are a crucial part of SABIC’s 2025 strategy, which includes a unique SDGs roadmap. The SDGs are at the heart of the company’s business planning, and remain crucial to its global leadership.


Samsung launches new flagship Galaxy S smartphone early, targets remote workers, gamers

This photo provided by Samsung shows the Galaxy S21. (Samsung via AP)
This photo provided by Samsung shows the Galaxy S21. (Samsung via AP)
Updated 15 January 2021

Samsung launches new flagship Galaxy S smartphone early, targets remote workers, gamers

This photo provided by Samsung shows the Galaxy S21. (Samsung via AP)
  • Samsung is set to release the S21 series at a cheaper rates
  • The series will be widely available starting Jan. 29 through Samsung.com, carriers and retailers online

SEOUL, South Korea: Samsung Electronics Co. Ltd. on Thursday unveiled the first Galaxy S smartphone with a stylus for on-screen work called the S Pen, more than a month ahead of its usual annual release schedule for models of its flagship compact phone.
Analysts have said offering a stylus within the Galaxy S21 series might signal the South Korean tech giant will merge the S line with its other premium smartphone range, the Note, already equipped with a note-taking stylus. That could free up resources for Samsung to push its separate range high-end foldable phones as key mass products rather than niche devices.
Samsung is also looking to grab market share after China’s Huawei Technologies was hit with US sanctions that restricted its supply and hurt sales, analysts have said.
An early Galaxy S21 launch is a likely tactic to capitalize on Huawei’s woes, said Counterpoint Research analyst Sujeong Lim. New iterations of the Note typically come in the second half of the year.
Lim said Samsung faces intense competition in the high-end category from Chinese vendors amid growing demand for devices that can be used for remote work amid the coronavirus pandemic, as well as play like videogaming.
In the United States, the Galaxy S21 price range starts at $799.99, the S21 Plus version at $999.99, and the S21 Ultra at $1,199.99.
The series will be widely available starting Jan. 29 through Samsung.com, carriers and retailers online, Samsung said.
With the most advanced processing chip in any Galaxy device, the S21 is 5G compatible and designed for shooting and viewing video and images as well as on-screen work. The top end of the range, the Ultra — the only version compliant with the S Pen stylus, which has to be bought separately — sports a four-lens rear camera that allows different angles and zoom shots.
Samsung plans to offer the stylus with other devices, said TM Roh, head of Samsung’s mobile communications business.
The standard S21’s screen size is 6.2 inches, with the S21 Plus at 6.7 inches and S21 Ultra is 6.8 inches, optimal for watching videos and gaming. The latter two are close in size to last year’s Galaxy Note ‘phablets’ — a cross between a phone and a tablet.
The S21 series is powered by Qualcomm Inc’s Snapdragon 888 chips or Samsung’s own Exynos 2100 chips depending on the region, Samsung said. Qualcomm said last month the 5G chips will be manufactured by Samsung’s chipmaking division.