- In December 2024, SABIC introduced LNP ELCRES CXL polycarbonate copolymer resins, offering exceptional chemical resistance, ideal for mobility, electronics, industrial, and infrastructure applications. These materials provide improved durability, weatherability, and low-temperature impact resistance. Available in bio-renewable versions under SABIC's TRUCIRCLE program, they contribute to sustainability and enhance part performance, even under harsh chemical exposure
- In November2024, SABIC has renewed its honorary strategic partnership with the Boao Forum for Asia (BFA), marking 17 consecutive years of sponsorship. This partnership highlights SABIC's commitment to sustainable development through cross-regional collaboration. The company continues to leverage BFA as a platform for enhancing influence and driving inclusive development globally
- In January 2025, Evonik Industries AG and Fuhua Tongda Chemicals Companyhave established a joint venture in Leshan, China, to produce specialty hydrogen peroxide (H2O2) for applications such as solar panels, semiconductors, and food packaging. With Evonik holding 51% and Fuhua 49%, the venture will start supplying the market in 2026. This partnership strengthens Evonik's presence in the Asia Pacific region
- On June 2024, Covia Holdings LLC finalized the separation of its Energy and Industrial businesses into two independent entities: Covia Energy, LLC, headquartered in The Woodlands, Texas, and Covia Solutions, based in Independence, Ohio. This strategic move allows each company to focus on its respective market opportunities
