Farabi Petrochemicals Company (FPC), founded in 2002, has consistently demonstrated an unwavering commitment to the pillars of Health, Safety, Security, Sustainability, and Quality. Its outstanding track record in these domains sets it apart as an industry leader.
Farabi Petrochemicals is committed to sustainability with a focus on social, economic, and environmental responsibility. We are determined to benefit all stakeholders and demonstrate our care for future generations. We are transparent in our disclosure of sustainability practices and are committed to contributing to the Sustainable Development Goals.
In recent years, we have made significant progress in energy efficiency and environmental resource utilization. We have achieved the 1st Quartile performance in energy efficiency based on SEEC standards for both our LAB-1 and LAB-2 plants. We have also received the Excellence Award for Best Environment and Resource Utilization from GPCA Responsible Care, and the Distinctive Performance Award from the Royal Commission five times in a row. We are proud to be a leading petrochemical company and the Best Environmental Performer among Jubail Primary Industries. We are committed to continuing our efforts to achieve a carbon-neutral circular economy and sustainable production.
Farabi Petrochemicals is committed to reducing its greenhouse gas emissions intensity. We have set a challenging target of reducing CO2-eq. emission intensity by 20% in 10 years from the base year 2013. We have also engaged with external and governmental initiatives such as the United Nations' Sustainable Development Goals (SDGs), Saudi Arabia's Vision 2030, and national MEWA regulations. These initiatives have helped us to identify the most relevant priorities for Farabi Petrochemicals to tackle the challenges and opportunities of sustainability.
The most relevant priorities for Farabi Petrochemicals over the next 3-5 years are resource efficiency, climate and energy, governance and integrity, circular economy, and innovation and sustainability solutions. We are also making further improvements in areas such as social responsibility and the supply chain. We are confident that by taking these steps, we can make a significant contribution to the fight against climate change and build a more sustainable future.
We, at Farabi are working towards “Net Zero Emission” in-line with Kingdom’s visionary guidance to achieve the objective by combination of emission reduction and emission removal. We have strategized and developing a Net Zero Initiative framework with Saudi/PIF approved standard consultant to identify and develop a way to describe and organize climate action in order to maximize the contribution to carbon neutrality.
COMMITTED TO EXCELLENCE
Farabi Petrochemicals' Sustainability Reports transparently showcase our progress, initiatives, and measurable impacts in driving sustainable practices, reflecting our commitment to environmental stewardship and social responsibility, fostering trust and inspiring stakeholders to join us in building a sustainable future.
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