The COVID-19 pandemic has had an unprecedented impact on many businesses, including the petrochemicals industry, which was already facing cyclical challenges such as overcapacity, pricing pressures, and trade uncertainty, said a recent Deloitte report. Despite the economic headwinds, the petrochemicals industry has continued to raise its game to meet rapidly-changing customer needs. As we move into the second quarter of 2021, the transformed economic, social and environmental landscape will play an even greater role in shaping our collective future. For global petrochemicals company SABIC, lowering its carbon footprint and working towards a circular economy has consistently been at the forefront of its business strategy, even as challenges resulting from the pandemic continue to evolve. For global petrochemicals company SABIC, lowering its carbon footprint and working towards a circular economy has consistently been at the forefront of its business strategy. PHOTO: GETTY IMAGES Asia, an engine for future growth While the pandemic is anticipated to continue to impact consumers and influence the global petrochemicals marketplace in the short- to medium term, SABIC is optimistic that ...