SABIC a free standing commercial organization that manufactures chemicals, plastics, fertilizers and metals was here to discuss the potential of their investment venture. Minister Karim also suggested that they support the opening of a technology and vocational center dedicated to their industry needs but in partnership with the Ministry and its institutions.
Speaking to the Minister, Vice President of the Americas in SABIC, John Dearborn explained the origin of the company 35 years ago which was as a result of environmental problems from oil production in Saudi Arabia. In 2000 the company decided to reach out for technology and become more innovative by securing more markets in other parts of the world and embarked on an acquisition spree. During this time, they bought several companies including Dutch State Mines (DSM), Scientific Designs and Huntsman in the UK.
Mr. Dearborn said that their company recognized the need to have skilled local people in Trinidad and Tobago stating that they need to get people working with technologies required to operate plants relating to their future investments.
SABIC also has technology and innovation centers which focus on catalysis, process technology and engineering plastics showing their dedication to further expand its market.
The Minister assured the SABIC officials that once the relationship is established, his ministry will offer them opportunities to bring workers from Saudi Arabia, Latin America or the US and provide them with the necessary facilities so that the benefit of SABIC’s presence here would be to enrich the learning experiences.