SABIC Industrial Investments Company (SIIC) is a wholly owned subsidiary of Saudi Basic Industries Corporation (SABIC), a leading global petrochemical manufacturer. Headquartered in Riyadh, Saudi Arabia, and incorporated in 1993, SIIC operates as an investment holding company focused on managing SABIC's stakes in strategic joint ventures and projects within the chemicals and petrochemicals sector.
SIIC serves as the 51% shareholder in SABIC Fujian Petrochemicals Co., Ltd., the joint venture developing the SABIC Fujian Petrochemical Complex in Fujian Province, China. This $6.4 billion project includes a mixed-feed steam cracker with up to 1.8 million tonnes annual ethylene capacity, along with downstream facilities for ethylene glycol, polyethylene, polypropylene, polycarbonate, and other products. Construction targets completion in 2026, with operations expected to begin in the fourth quarter of that year.
The company has also held interests in other ventures, such as terminal operations with Vopak and petrochemical facilities with partners including Sinopec. As part of the SABIC group—70% owned by Saudi Aramco—SIIC facilitates global expansion, feedstock diversification, and presence in high-growth Asian markets. It supports SABIC's position among the world's top chemical companies by enabling targeted investments in manufacturing and related infrastructure.
Also known as SABIC Industrial Investment Company and Sabic Industrial Investments Co.
None yet. When a new project in the record names SIIC as owner, partner or investor, it shows here.
RMB 44.8bn (USD 6.4bn) ethylene complex with up to 1.8 Mt/yr capacity; JV 51:49; commissioning prep begins H2 2026; EPC contracts and project loan signed.
RMB 44.8 billion (USD 6.4 billion) mixed-feed cracker and downstream complex, built as a 51:49 JV and targeting completion in 2026.
