SABIC CEO Abdulrahman Al-Fageeh Tops 2025 ICIS Rankings

SABIC CEO Abdulrahman Al-Fageeh Achieves Top Ranking

In an exciting revelation from the chemical industry, ICIS has released its 2025 Top 40 Power Players ranking, prominently featuring SABIC CEO Abdulrahman Al-Fageeh as the most influential leader. This esteemed list recognizes the most effective CEOs and executives who have made significant contributions to their companies and the broader chemical sector.

Recognition of Impactful Leadership

In the latest edition of ICIS Chemical Business, Al-Fageeh topped the ranking for his dynamic influence and strategic direction at SABIC. Following him are Jim Fitterling, the CEO of Dow, and Karen McKee, president of ExxonMobil Product Solutions, who earned the second and third spots respectively. This ranking underscores the importance of visionary leadership in driving growth and innovation.

SABIC’s Strategic Initiatives and Growth

Under Al-Fageeh’s stewardship, SABIC has taken bold steps to streamline operations and enhance profitability. The company has divested its metals division and closed less efficient plants, opting instead to focus on high-potential chemical projects. Investments are notably directed towards major initiatives in Asia and its home market, Saudi Arabia.

Innovative Projects and Sustainable Practices

One of the flagship projects currently overseen by Al-Fageeh is a $6.4 billion cracker facility underway in the Gulei Industrial Park, positioned in China's Fujian province. When operational, projected for 2026, this facility represents a significant milestone for SABIC’s growth trajectory in China. Al-Fageeh’s strategic vision emphasizes not only expanding production capacity but also focusing on sustainability.

Pioneering Circular Economy Efforts

SABIC is recognized as a leader in promoting circular economy principles. The company has set an ambitious target to process 1 million tonnes of waste plastics annually by 2030. This initiative is integral to SABIC’s plan to manufacture recycled polymers, highlighting its commitment to environmental sustainability.

Joint Ventures for Advanced Recycling

In a notable collaboration, SABIC partnered with Plastic Energy to establish the SPEAR (SABIC Plastic Energy Advanced Recycling) joint venture. Launched recently in Geleen, Netherlands, this facility will manage a mixed waste plastics input capacity of 20,000 tonnes per year, showcasing innovation in waste management and recycling.

ICIS Selection Criteria for Power Players

The ICIS Top 40 Power Players are not just chosen based on their positions but also on their demonstrated excellence in key performance areas. These include profitability, shareholder value, innovative projects, mergers and acquisitions, as well as commitment to Environmental, Social, and Governance (ESG) practices. Such multifaceted criteria ensure that only the most impactful leaders are recognized.

Future Outlook: The CEO of the Year Vote

CEOs on the ICIS list will select the CEO of the Year later this year in a collaborative voting process. The previous year’s award went to Thierry Le Henaff, CEO of Arkema, setting a high bar for outstanding leadership in the chemical industry.

About SABIC

SABIC, a global leader in the chemical sector, is committed to delivering innovative solutions and sustainable practices across its operations. Its strategic focus aligns with the global shift towards sustainable and circular economic practices, positioning it well for future challenges and opportunities.

Frequently Asked Questions

Who is the top-ranked CEO in the 2025 ICIS Top 40 Power Players list?

Abdulrahman Al-Fageeh, the CEO of SABIC, has been ranked as the #1 CEO.

What are the key achievements of Abdulrahman Al-Fageeh at SABIC?

Al-Fageeh has streamlined operations, divested non-core businesses, and significantly invested in sustainable projects.

What sustainability targets has SABIC set?

SABIC aims to recycle 1 million tonnes of waste plastics each year by 2030 as part of its commitment to sustainability.

What significant project is currently underway in China?

A $6.4 billion cracker project in the Gulei Industrial Park, expected to commence operations in 2026, is currently under development.

How are ICIS Power Players selected?

The ICIS editorial team selects Power Players based on their impact in areas like innovation, profitability, and commitment to ESG principles.

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