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8th January 2026, SABIC, a leading plastics producer, inked a deal with popular International investment groups like Europe’s Aequita SE and Co. KGaA and America’s Mutares SE and Co. KGaA. This agreement confirms SABIC's commitment to the groups regarding the sale of petrochemical and engineering thermoplastics. The total value of the whole transaction procedure reached $950 million. Further, the bifurcation of this value is divided into $500 million and $450 million.
Europe’s Aequita SE and Co. KGaA will be crediting SABIC’s business account with its $500 million commitment, and America’s Mutares SE and Co. KGaA will be buying SABIC’s ETP business for $450 million. As per said transaction, Aequita will own four production sites in four countries: Belgium, the United Kingdom, Germany and the Netherlands. The total employment will open positions for 1,900 individuals and cover a total of $3.5 billion in revenues. The sites will be producing polyolefins and olefins like propylene, value-added polymer compounds, ethylene, PP and low- and high-density polyethylene.
The Mutares transaction is still in progress and is said to close in the second half of this year with customary approvals. SABIC continued to share more insights on its deal and strategies, saying, “The divestments are a part of its plans to enhance returns. The returns primarily concentrate on popular products and markets. The company seeks accurate competitive benefits and recycled capital to secure the huge return opportunities. Also, SABIC is focusing on enhancing free cash flow to propel shareholder value and deliver satisfaction to customers. Furthermore, the company confirmed that the transaction will not hamper the innovations and technologies, which are a part of the valuable promise to the customers.”
Aequita said, “This petrochemical purchasing business deal is like an integrated platform with a great market position that also benefits infrastructure and conquers well-developed customer relationships. This platform will be bolstering the product portfolio while expanding the cross-selling opportunities. This merged business is expected to reach $7 billion in revenues.”
According to Towards Chem&Materials, the global petrochemicals market was valued at USD 715.85 billion in 2025, is estimated to reach USD 757.73 billion in 2026, and is projected to reach USD 1,263.95 billion by 2035, growing at a CAGR of 5.85% from 2026 to 2035. And The global thermoplastics in construction films market size was valued at USD 8.15 billion in 2025, is estimated to reach USD 8.71 billion in 2026, and is projected to reach USD 15.81 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 6.85% over the forecast period from 2026 to 2035.
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About SABIC
SABIC is a leading diversified chemical manufacturing company known for its agri-nutrients, engineering thermoplastics, innovative materials, and petrochemicals. This excellent portfolio is famous in packaging, agriculture, medical devices, hygiene, electronics, electrical, construction, building, transportation and automotive industries. This bolsters the company profile in this diversified sector with potential value of quality.
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