Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Saudi Arabia
  4. Saudi Arabian Stock Exchange
  5. Saudi Basic Industries Corporation
  6. News
  7. Summary
    2010   SA0007879121

SAUDI BASIC INDUSTRIES CORPORATION

(2010)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Saudi Basic Industries : SABIC'S Presence at the Battery Show Europe 2021 Underscores Dedicated Approach to Help Power Excellence in Batteries and Energy Storage

11/30/2021 | 01:21am EST

At this year's Battery Show Europe 2021 from November 30 to December 2 in Stuttgart, Germany, SABIC is calling attention to its dedicated and all-encompassing approach to 'Powering Excellence in Batteries and Energy Storage' - across industries from automotive and e-mobility to others who rely on stationary energy storage applications. At Booth 6-651, the company is demonstrating its commitment, expertise and broad portfolio of polymer and specialty technologies to help customers implement safer, more sustainable and economically scalable concepts for more efficient energy storage.

"Most countries on this planet are committed to deliver on carbon neutrality ambitions, so accelerating innovation in batteries - from lead-acid to lithium-ion and fuel cells - is key for the world's transition to clean energy," says Bob Maughon, Executive Vice President, Sustainability, Technology & Innovation and Chief Technology and Sustainability Officer at SABIC. "Our drive is to power the energy storage value chain with second-to-none application technology, material engineering, regulatory expertise and one of the most comprehensive and focused thermoplastic offerings in the market."

SABIC's exhibit at The Battery Show Europe 2021 will highlight a range of polymer solutions targeted at optimizing all structural battery pack components, while also addressing the vast potential to re-imagine specific battery and energy storage applications with advanced engineering thermoplastics. Key visuals will illustrate the overall cost and performance benefits of plastic-intensive designs in terms of energy density, thermal insulation, flame retardancy, impact and chemical resistance, lightweighting, functional integration and dimensional stability.

One of the most critical issues especially in the performance of batteries for electrical vehicles (EVs) is the prevention of battery fires in thermal run-away situations. SABIC's wide range of non-halogenated flame retardant (FR) resins can offer unique intumescent and char-forming properties, delivering the potential to stop the propagation of flames in the case of a fire and eliminate the need for additional thermal blankets, such as those required when using metal designs. At the same time, SABIC's non-halogenated FR resins provide greater design flexibility, significant weight savings - an important feature for supporting the improved driving ranges of EVs - and recyclability to support the circularity of battery materials (see Figure 1).

Winning Value Propositions Across All Industry Segments

Exhibiting side by side, SABIC's Petrochemicals and Specialties businesses are taking the opportunity of The Battery Show Europe 2021 to demonstrate how their complementing material portfolios and application development support can help manufacturers reduce system cost and speed the time-to-market of safer and more energy-efficient batteries. An additional focus is material solutions for indoor and outdoor EV charging units, a growing need to meet the growth of the EV fleet.

SABIC's offerings are targeted at all types of battery components for EVs, E-bikes and industrial vehicles (forklifts, caterpillars) as well as EV charging infrastructure and energy storage systems (ESS).

Featured solutions from the Petrochemicals portfolio at the show will include:

  • An industry-first, lightweight plug-in hybrid (PHEV) battery tray cover using non-halogenated FR SABIC® PP compound to meet stringent fire safety requirements while eliminating additional thermal blankets vs. aluminum designs (Figure 2)
  • A prototype of an optimized EV battery pack with novel design solutions and polymers such as STAMAX™ FR resin for up to 12 percent weight savings compared to an existing aluminum EV battery pack
  • A prototype plastic honeycomb structure in XENOY™ HTX resin for battery pack side impact protection, with significant weight and costs savings vs. metals
  • Other prototypes and commercial applications of battery and charger housings using engineering thermoplastic and polypropylene compounds, including STAMAX™ FR solutions
  • 12 x 12-inch plates illustrating the superior fire shielding performance of STAMAX FR resin vs. aluminum when exposed to a flame temperature of 1,000°C over five minutes
  • SABIC's Everflow joint venture for next-generation vanadium redox flow (VRF) long-duration batteries using SABIC's polymer grades for key components such as the battery stack, tank and piping, developed and tested with SABIC's expert team
  • An innovative energy storage system concept based on second-life EV batteries
  • An EV charging connector made from VALOX™ FR resin

Powering a New Generation of Energy Storage Solutions

SABIC's Specialties business will present its vision of re-imagining battery designs for e-mobility and industrial applications with advanced thermoplastic solutions designed to maximize safety, provide longer product life and support manufacturing scalability. Figure 3 illustrates the total high performance resin approach from the top cover to the bottom enclosure of a typical EV battery package. Several SABIC exhibits will demonstrate this in-depth application and material expertise:

  • New NORYL™ NHP 6011/6012 resins , launched here at The Battery Show Europe 2021, for battery module housings, brackets and frames, with robust flame retardancy and impact resistance
  • ISCC+ certified bio-renewable ULTEM™ resins - with 10 percent lower carbon footprint compared to fossil-based incumbent materials - for use in gaskets and insulation plates of high-performance industrial batteries
  • A plastic/metal hybrid battery crash protection honeycomb prototype using NORYL™ GTX resin for significant weight and cost savings vs. metals
  • Full NORYL™ GTX resin solutions for top covers, corner support plates and other demanding structural battery parts as well as for honeycomb laminate sheet from EconCore for side crash protection of battery units, offering better dimensional stability and lower water absorption compared to honeycomb structures made with currently used thermoplastics
  • Advanced ELCRES™ HTV150 capacitor film, winner of the prestigious R&D 100 Awards, supporting the transition from conventional silicon (Si)-based semiconductors to next-generation, wide-band-gap technologies based on silicon carbide (SiC) to improve the efficiency of inverter modules in EVs
  • Selected pilot and commercial applications with LNP™ copolymers, which deliver low temperature ductility, good flow, flame retardancy and laser weldability; featured examples are a forklift battery side plate in LNP™ CX copolymer blend, a charging plug/connector and battery housings for e-bikes in LNP™ EXL copolymer resins

SABIC's material and market experts will be available at the show (Booth 6-651) to explain these concepts and applications in greater detail and discuss how the company's wide range of materials can inspire the value chain to further innovate and optimize the design of batteries and energy storage systems.

Disclaimer

SABIC - Saudi Basic Industries Corporation SJSC published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 06:20:11 UTC.


ę Publicnow 2021
All news about SAUDI BASIC INDUSTRIES CORPORATION
02:02aSAUDI BASIC INDUSTRIES : SABIC's New ISCC+ Certified Bio-Based LNP™ ELCRIN™ Co..
PU
01/20SAUDI BASIC INDUSTRIES : ExxonMobil, SABIC Start Operations at Gulf Coast Manufacturing Fa..
PU
01/20Saudi Arabia's SABIC launches U.S. Gulf Coast project with ExxonMobil
RE
01/19SAUDI BASIC INDUSTRIES : SABIC's Project for Breast Cancer Screening to Benefit 4,800 Wome..
PU
01/18Saudi SABIC plans petrochemicals plant in Jubail -CEO to Asharq TV
RE
01/17SAUDI BASIC INDUSTRIES : SABIC Sets off A New Chapter in Agri-Nutrients Strategic Transfor..
PU
01/16SAUDI BASIC INDUSTRIES : SABIC Joins Global Players at First-ever Minerals Summit in Saudi..
PU
01/13SAUDI BASIC INDUSTRIES : SABIC Inaugurates Life Gallery project at King Salman Science Oas..
PU
01/13SAUDI BASIC INDUSTRIES : SABIC signs MOU with Saudi Aramco and Polish energy group PKN Orl..
PU
01/10SAUDI BASIC INDUSTRIES : SABIC Named BFA Annual Conference Honorary Strategic Partner for ..
PU
More news
Analyst Recommendations on SAUDI BASIC INDUSTRIES CORPORATION
More recommendations
Financials
Sales 2021 167 B 44 570 M 44 570 M
Net income 2021 24 086 M 6 421 M 6 421 M
Net cash 2021 3 515 M 937 M 937 M
P/E ratio 2021 16,0x
Yield 2021 3,04%
Capitalization 379 B 101 B 101 B
EV / Sales 2021 2,25x
EV / Sales 2022 2,22x
Nbr of Employees 35 000
Free-Float 22,4%
Chart SAUDI BASIC INDUSTRIES CORPORATION
Duration : Period :
Saudi Basic Industries Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAUDI BASIC INDUSTRIES CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 126,40 SAR
Average target price 121,03 SAR
Spread / Average Target -4,25%
EPS Revisions
Managers and Directors
Yousef bin Abdullah Al-Benyan Vice Chairman & Chief Executive Officer
Timothy D. Leveille Executive Vice President-Corporate Finance
Khalid Hashim Al-Dabbagh Chairman
Bob Maughon Executive Vice President-Technology & Innovation
Khaled Hamza Nahas Independent Director