SABIC has announced the sale of its European Petrochemicals and Engineering Thermoplastics businesses in Europe and the Americas to AEQUITA and Mutares, in transactions totaling approximately $950 million.

SABIC has announced two strategic transactions aimed at reducing its industrial footprint in Europe and the Americas, as part of a broader portfolio optimization strategy.
The European Petrochemicals (EP) business will be acquired by AEQUITA, while the Engineering Thermoplastics (ETP) business in Europe and the Americas will be sold to Mutares. The total value of the transactions is estimated at approximately $950 million.
According to SABIC CEO Abdulrahman Al-Fageeh, the company’s strategy is to refocus on large-scale operations with cost advantages, particularly in integrated complexes located in Saudi Arabia.
The transactions are part of a long-term plan to improve return on capital employed (ROCE) and reallocate capital toward higher-margin, more competitive segments.
This move marks a strategic repositioning of SABIC, reducing its direct industrial presence in Western markets while strengthening its focus on petrochemicals and polymers produced in regions with clear cost advantages.