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Accelerating a sustainable future

Our Formula E partnership will power a new generation of net-zero racing.

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GROUNDBREAKING PARTNERSHIP WITH FORMULA E LAUNCHED TO DRIVE GLOBAL VISIBILITY OF OUR BRAND

We have launched a major long-term sponsorship deal and innovation partnership with Formula E, the world’s first net-zero sport. The partnership will be launched this weekend with title sponsorship of the 2022 SABIC London E-Prix, a double-header of races at the ExCeL London exhibition center on July 30 and 31 in the ABB FIA Formula E World Championship.

Yousef Al-Benyan, our Vice Chairman and CEO said: “We are excited to partner with Formula E. Our sponsorship will drive global visibility of the SABIC brand within a relevant, exciting and growing global sports platform. In addition, we intend to collaborate closely with Formula E to integrate our sustainable solutions into their ecosystem and operations.”

He added: “This offers SABIC a unique opportunity to transfer our innovations from Formula E into the broader automotive and EV industries benefiting our customers and partners and demonstrating our ability to support the world’s transition to EV and a more sustainable future.”

The partnership aligns fully with our broader sustainability strategy, which supports a circular carbon economy vision where all value chains of carbon-containing products loop back. It also resonates perfectly with electrification, one of the key pathways that we have identified toward achieving carbon neutrality.

It also provides us a unique platform to enable business engagement serving to reach partners across the automotive and EV value chains. Moreover, the partnership aligns perfectly with BLUEHERO™, the recently announced initiative which underscores our commitment to support the shift to electric power, with the delivery of automotive polymer materials, solutions and capabilities for the optimization of EV battery systems as its first area of focus.

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