July 17, 2025
The petrochemical industry is at a crossroads—stranded by legacy carbon footprints or racing toward a net-zero future. SABIC ($SABIC), Saudi Arabia's industrial powerhouse, is betting big on the latter. And with its planned IPO of its gas unit, National Industrial Gases Company (NIGC), it's not just raising capital—it's staking its claim as the first mover in low-carbon chemicals. This is a story of ESG-driven value creation, and investors who ignore it might be missing the next megatrend.
The Gas Unit IPO: A Catalyst for Decarbonization
SABIC's gas unit, NIGC, is no small operation. Generating $427 million in revenue in 2024, it's a cash-rich engine powering industrial gas demand across the Middle East. But the real prize isn't the IPO itself—it's what the proceeds will fund: $4 billion in capex by 2025, targeting renewables, carbon capture, and low-carbon chemicals.
Ps: The above news come from website.
