Sabic wins global recognition for circular economy RIYADH, 12 days ago Sabic has been named a Global Company of the Year by consulting and research firm Frost & Sullivan for sustainability and the circular economy of used plastics recycling and resource recovery. The award, part of Frost & Sullivan’s 2021 Best Practices Recognition Program, recognizes a high degree of innovation with products and technologies and the resulting leadership in customer value and market penetration. Frost & Sullivan presented Sabic with this year’s award for its efforts in driving forward the development of a circular economy for used plastics and its commitment to innovation and technology, fortified by pioneering partnerships.