千亿化工巨头，66亿甩卖业务，转身加码特种高分子

Core Viewpoint - SABIC is strategically divesting its European petrochemical and engineering thermoplastic businesses to focus on high-margin markets and products, enhancing its capital allocation and free cash flow [2][3]. Group 1: Strategic Transactions - SABIC announced the sale of its European petrochemical business to AEQUITA for $500 million, which includes various products and facilities across Europe [2]. - The engineering thermoplastic business in the Americas and Europe is being sold to Mutares for $450 million, covering multiple production sites [3]. - These transactions are part of SABIC's asset optimization plan initiated in 2022, aimed at reallocating capital to higher-return areas [3]. Group 2: Product Development and Expansion - SABIC has launched several new high-performance polymer products, including a series of fluorine-free SILTEM™ resins and flame-retardant materials suitable for various applications [4]. - The company is expanding its production capacity, particularly in Asia and the Middle East, with significant projects like the MTBE plant in Saudi Arabia, which has a capacity of 1 million tons [5]. - A new expansion plan for specialty low oligomers based on PPE technology is set to meet the growing demand for high-performance PCBs, supporting AI and 5G applications [6][7]. Group 3: Market Trends and Demand - The demand for high-performance electronic resins is surging, driven by the growth of AI and high-end PC industries, prompting major players to expand production [8]. - SABIC is a leading supplier of electronic-grade PPO resins, with a projected global demand of 4,926 tons by 2025 [8].