Subsidy Tracker Parent Company Summary
Parent Company Name:
SABIC (Saudi Basic Industries)
Ownership Structure:
publicly traded
Headquartered in:
Saudi Arabia
Major Industry:
chemicals
Specific Industry:
chemicals
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $362,986 | 6 |
| Federal (grants and allocated tax credits) | $824,105 | 2 |
| TOTAL | $1,187,091 | 8 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
| TOTAL | $0 | 0 |
Time Period for State and Local Awards:
Earliest year of data: 1998. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2009.
Time Period for Federal Awards:
FY2000 to the present
Notes:
Dollar totals do not include awards for which no subsidy value is disclosed.
Associated Names:
EXATEC BAYER / GEP AUTOGLAZING; INNOVATIVE PLASTICS; SABIC
Links:
For a summary of this company's regulatory violations see its Violation Tracker summary page here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| Indiana | $200,000 | 1 |
| Pennsylvania | $95,847 | 2 |
| West Virginia | $64,925 | 2 |
| Mississippi | $2,214 | 1 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
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Company |
Location | Subsidy Source | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| EXATEC LLC BAYER/GEP AUTOGLAZING | Michigan | local | 1998 | undisclosed | property tax abatement | |
| INNOVATIVE PLASTICS INC. | Michigan | local | 2001 | undisclosed | property tax abatement | |
| SABIC Innovative Plastics | West Virginia | state | 2009 | $4,417 | training reimbursement | |
| SABIC Innovative Plastics | West Virginia | state | 2010 | $60,508 | training reimbursement | |
| Sabic Innovative Plastics | Mississippi | state | 2009 | $2,214 | training reimbursement | |
| SABIC Innovative Plastics | Massachusetts | state | 2007 | undisclosed | tax credit/rebate | |
| SABIC Innovative Plastics Mt. Vernon, LLC | Indiana | state | 2014 | $200,000 | training reimbursement | |
| SABIC Innovative Plastics US Holding LLC | United States | federal | 2011 | $45,750 | federal grant | |
| Sabic Innovative Plastics US LLC | United States | federal | 2009 | $778,355 | federal grant | |
| Sabic Innovative Plastics US, LLC | Pennsylvania | state | 2014 | $22,497 | tax credit/rebate | |
| Sabic Innovative Plastics US, LLC | Pennsylvania | state | 2015 | $73,350 | tax credit/rebate | |
| SABIC lnnovative Plastics US, LLC | Mississippi | state | 2010 | undisclosed | tax credit/rebate |
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