Saudi petchems giant Sabic raked in its highest profits in seven years for 2021 as the firm capitalized on a booming chemicals market. Profits soared from just $10mn for 2020 (MEES, 5 February 2021) to a whopping $6.14bn last year (see chart 1), and Sabic plans to step up capital expenditure in 2022 to put in place the building blocks for further growth.