SABIC extends an annual grant of SR 3,950,000 (approx. 814,000 EUR; 1,050,000 US$) to the King Fahd University of Petroleum and Minerals (KFUPM), Dhahran, to carry its research efforts further, particularly in petrochemicals, material engineering, and corrosion control. Out of the SR 3,950,000 funding, SR 2,000,000 is earmarked for the SABIC Chair for Corrosion, and SR 1,950,000 for grants, research projects, and conferences participation.

SABIC has been a committed supporter of scientific research at Saudi universities. The research areas for support were initially drawn from the company’s immediate areas of interest including, chemicals and petrochemicals, metallurgy, fertilizers, polymers, and catalysts. The scope was later widened to include topics such as pollution control and industrial waste disposal. SABIC also encourages research conducted by individual researchers at Saudi universities on projects related to the company’s business.

• Saudi Basic Industries Corporation (SABIC), Riyadh, Saudi Arabia