Incorporated in 2023, Sahara International Petrochemical Company has announced the establishment of “Sipchem InnoVent” as part of its 2030 Corporate Strategy. 

Based in Lausanne, Switzerland, EPFL Campus, Sipchem InnoVent act as an Open Innovation office as well as the venture capital arm of Sipchem, investing into startups and companies active in Sustainability & Decarbonation, from their early stages to their scale and growth phases.

Sipchem is one of the leading petrochemical companies in the world, with a market presence spanning more than 100 countries with over 15 products.

Sustainability, advanced and digital technologies and new business models are disrupting the chemical industry and InnoVent aims to be at the forefront of these changes. It aspires to accelerate the energy transition and digital transformation in accordance with the Kingdom’s Vision 2030 to achieve carbon neutrality and to effectively address the evolving demands of customers by securing access to the technologies that support core businesses and underpin the drive toward circular economy.