(EnergyAsia, April 10 2012, Tuesday) — Saudi Arabia’s petrochemical giant SABIC has reiterated its commitment to sustainable development to guide its growth and operations in Asia. The company’s top leadership team made this pledge at the recent Boao Forum for Asia (BFA) Annual Conference in China themed “Asia in the Changing World: Moving towards Sound and Sustainable Development”.

The Saudi Basic Industries Corporation (SABIC) team was represented by chairman Prince Saud bin Abdullah bin Thenayan Al-Saud, who is also chairman of the Royal Commission for Jubail and Yanbu; vice chairman and CEO Mohamed Al-Mady, executive vice president Abdullah Saeed Bazid, and North Asia vice president Li Lei.

Key to sustainable development is the ability of governments and enterprises to secure a sustainable and stable energy future. This is especially so in Asia where economic growth and enhanced quality of life in many cities have created a strain on energy consumption and supply.

Speaking at the  “Energy & Resources: A Supply-Demand Dialogue” keynote roundtable at the Conference, Mr Al-Mady said:

“The vision of a sustainable energy future for all while achieving the goals of long term emissions reductions and, at the same time, maintaining our industrial ambitions and quality of life requires significant investment and technological engagement of the highest degree.”

He highlighted a number of energy resource issues confronting societies and businesses today, including SABIC which is expanding its manufacturing presence in Asia and around the world at the same time.  

Prince Saud said:

“SABIC believes that sustainable development will ensure socio-economic stability for governments and their people, and hence, create a conducive environment for businesses to thrive. It takes a close tripartite partnership between government, enterprises and citizens to make this a reality. At SABIC, we remain committed to creating socio-economic impacts with our innovative and sustainable petrochemical materials, as well as nurturing long-term relationships with our stakeholders in Asia and the world.”

SABIC has been an active participant and four-time sponsor of the BFA where Mr Al-Mady is a member of the forum’s board. The BFA aims to promote regional economic integration and dialogue among Asian countries and their partners.