SABIC Solutions Win 5 Edison Awards for Best New Products

SABIC has been awarded five of the prestigious Edison Awards 2023. (SABIC)
SABIC has been awarded five of the prestigious Edison Awards 2023. (SABIC)
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SABIC Solutions Win 5 Edison Awards for Best New Products

SABIC has been awarded five of the prestigious Edison Awards 2023. (SABIC)
SABIC has been awarded five of the prestigious Edison Awards 2023. (SABIC)

SABIC, a global diversified chemicals company, has been awarded five of the prestigious Edison Awards 2023 for its innovative solutions, designed to meet the needs of their customers and the broader value chain, and as well aligned with Saudi Vision 2030, reported the Saudi Press Agency on Friday.

SABIC won three gold and two bronze awards across three separate areas for its new products and solutions. These areas include “Food and Agriculture”, “Material Science” and “Sustainability.”

The awards reflect SABIC’s commitment to pushing the limits of science, technology, and innovation and defining the future of chemistry that allows SABIC and its customers to address some of the world’s biggest challenges.

This is the third consecutive year that SABIC’s solutions have been recognized by Edison Awards, which honor the world’s most innovative new products, services, and business leaders. This is also the second consecutive year that SABIC received at least five Edison awards.

“SABIC is proud to be recognized for the third consecutive year by Edison Awards, demonstrating our continued leadership in new technology and innovation advancements. These are key elements of our continued business growth on our journey to be the preferred world leader in chemicals and provide innovative solutions for the future that create a more sustainable world,” said Abdulrahman Al-Fageeh, CEO at SABIC.



Russia’s Pipeline Gas Exports to Europe up 13% in 2024, Calculations Show

Gazprom logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. (Reuters)
Gazprom logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. (Reuters)
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Russia’s Pipeline Gas Exports to Europe up 13% in 2024, Calculations Show

Gazprom logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. (Reuters)
Gazprom logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. (Reuters)

Pipeline gas exports by Russian energy giant Gazprom to Europe increased by 13% in 2024 to around 32 billion cubic meters (bcm), Reuters calculations showed on Saturday, slightly more than the 31 bcm supplied to China.

Gazprom's average daily pipeline exports have been stable this December, at 91.3 million cubic meters (mcm), in comparison with November, but rose by 7% from December 2023, calculations based on data from European gas transmission group Entsog and Gazprom's daily reports on gas transit via Ukraine showed.

Its total supply to the European Union stood at about 2.8 bcm in December, the preliminary data showed, including 1.5 bcm, or 49.2 mcm per day, sent via Turkey.

Gas transit via Ukraine has reached around 1.3 bcm this month, or 42.1 mcm per day, almost unchanged from November despite Russia halting gas exports to Austria's OMV in mid-November over a contractual dispute.

Gazprom's exports to Europe via Ukraine this year have reached about 15 bcm.

The transit agreement between Moscow and Kyiv expires in the end of the year and is unlikely to continue as Ukraine has repeatedly said it was unwilling to do so amid the military conflict.

President Vladimir Putin said on Thursday there was no time left this year to sign a new Ukrainian gas transit deal, and laid the blame firmly on Ukraine for refusing to extend the agreement that brings gas to Slovakia, the Czech Republic and Austria.

Gazprom, which has not published its own monthly statistics since the start of 2023, did not respond to a request for comment.

Russia supplied about 63.8 bcm of gas to Europe by various routes in 2022, Gazprom data and Reuters calculations show. That fell by 55.6% to 28.3 bcm last year.

At their peak in 2018-2019, annual flows to Europe reached between 175 bcm and 180 bcm.