·The “Investment in New Possibilities, Court Renovation Plan” uses recycled plastic materials to upgrade public basketball courts.
·This plan is a reflection of Saudi Aramco’s long-term roots in China and is also one of the results of in-depth cooperation with the Chinese Men’s Basketball Professional League.
·This concept demonstrates Saudi Aramco’s leadership in innovation and its support for the development of national sports in China. In the future, Saudi Aramco also plans to provide renovation and transformation for more stadiums in China.
Beijing,2024Year11moon26 days——Saudi Aramco, the world’s leading energy and chemical company, held an unveiling ceremony today in Beijing for the completion of the first phase of the “Investment in New Possibilities, Stadium Renovation Plan”. The project successfully renovated three public basketball courts. The “Investment in New Possibilities, Court Renovation Plan” is an initiative launched by Saudi Aramco, dedicated to injecting new impetus into Chinese basketball and community basketball. The plan uses innovative technology and advanced technology to upgrade public basketball courts. What is particularly worth mentioning is that the court floor is made of recycled plastic materials.
Saudi Aramco held an unveiling ceremony in Beijing for the three public basketball courts completed in the first phase of the “Investment in New Possibilities, Stadium Renovation Plan”
The “Investment in New Possibilities, Stadium Renovation Plan” aims to demonstrate the increasingly important role of advanced materials in the circular carbon economy. It is also an important measure for Saudi Aramco to fully support the healthy development of Chinese society and youth through sports.
In the “Investment in New Possibilities, Stadium Transformation Plan”, Saudi Aramco has worked closely with its chemical engine, Saudi Basic Industries Corporation (SABIC), and Enlio, the exclusive supplier of 3X3 basketball flooring for the Tokyo and Paris Olympic Games. Yinglio has specially developed an advanced material formula and uses plastic produced by SABIC through advanced recycling technology as the main material component of the basketball floor.
The first phase of the “Investment in New Possibilities, Stadium Renovation Plan” to be upgraded and renovated is the Beijing Dongdan Basketball Stadium, which is extremely iconic in the development of Chinese basketball. Taking this as a starting point, Saudi Aramco hopes to continue to deepen cooperation with its partners and expand this stadium renovation plan to more basketball venues across China.
Nadir Arafaj, President of Aramco Asia China said: “The completion of the first phase of the stadium upgrade marks another important milestone in Saudi Aramco’s development in China. This plan reflects Saudi Aramco’s firm commitment as a trustworthy partner of China, and also demonstrates our commitment to advanced technology and innovation. Our cutting-edge capabilities, as well as our determination to make a positive impact on society through sports, we increase investment in promoting the transformation of oil and gas resources and continue to promote the economic and social development of China and the world. society’s potential to help realize the vision of a low-carbon future.”
Nadir Arafaj President of Aramco Asia China
Xu Jicheng, Vice Chairman of the Chinese Basketball Association and Chairman of the Chinese Basketball Federation (Beijing) Sports Co., Ltd. said: “Saudi Aramco has opened up ‘new possibilities’ for cooperation between the two parties, and we will continue to work together to jointly promote China’s professional basketball industry to a higher level.”
Wang Qiang, Vice President of Saudi Basic Industries Corporation and President of Greater ChinaSaid: “Our cooperation with Saudi Aramco and Ying Leo fully demonstrates the important role that cross-value chain collaboration can play in addressing global challenges and promoting the development of a circular economy. SABIC’s innovative TRUCIRCLETMThe solution utilizes advanced recycling processes to convert recycled plastics into certified recycled compounds, a technology we have implemented in our stadium refurbishment program. The application of advanced materials not only promotes material recycling and retains precious carbon in materials, but also proves that the chemical industry plays a key role in promoting a sustainable future. “
Li Yu, chairman of Yingliao, said: “The formula we developed for flooring materials takes into account the balance of durability, sustainability, environmental protection and sports performance, ensuring high-quality comprehensive performance for outdoor basketball courts. The upgraded court will provide elasticity and flexibility comparable to Olympic standards. The anti-slip and friction properties fully meet the diverse needs of outdoor competitions and daily training, and all materials can be fully recycled after years of use.”
About Saudi Aramco
Saudi Aramco is a world-leading energy and chemical company. From producing approximately one-eighth of the world’s crude oil to developing new energy technologies, the company’s teams span the globe and are dedicated to making a positive impact on the world. We focus on the reliable, sustainable development and effective utilization of resources to promote the stability and long-term growth of the world economy.
About Aramco China
Aramco China is a wholly-owned subsidiary of Saudi Aramco, the world’s leading energy and chemical company. The company is headquartered in Beijing and is committed to supporting Saudi Aramco’s in-depth cooperation with China and helping it maintain its leading position in the Chinese energy market. Our strategic corporate development in China includes market support, downstream business development, project portfolio management, procurement and supply chain management, engineering and technical services, research and development, and other support services.
aboutCBA
The Chinese Men’s Basketball Professional League (“CBA League” for short) was founded in 1995. Initially, 12 teams participated, adopting a multi-year home and away game system. After nearly 30 years of development, the CBA league has gradually expanded in scale and currently has 20 participating teams.
The CBA League is China’s highest-level men’s professional basketball tournament. A total of seven teams have won the championship, and famous stars such as Yao Ming and Wang Zhizhi have emerged.
On October 21, 2016, China Basketball Federation (Beijing) Sports Co., Ltd. (referred to as “CBA Company”), with 20 CBA clubs as shareholders, was officially established in Beijing. In 2017, it obtained the Chinese Basketball Association’s CBA League competition rights and Authorization of business rights. Starting from the 2017-2018 season, CBA Company operates the CBA League independently.
About Saudi Basic Industries Corporation (SABIC)
Saudi Basic Industries Corporation (SABIC) is a world-renowned diversified chemical company headquartered in Riyadh, Saudi Arabia. The company’s manufacturing plants are located around the world, including in many countries and regions in the Americas, Europe, the Middle East and Asia-Pacific, and its products cover chemicals, general and high-performance plastics and agricultural nutrients.
In key terminal application industries such as transportation, medical, electronic and electrical, packaging, agriculture, consumer goods and construction, SABIC has long been committed to helping customers explore potential opportunities.
SABIC has approximately 31,000 employees worldwide and serves customers in more than 140 countries and regions. Adhering to the spirit of innovation and original thinking, SABIC has approximately 11,000 patents and pending applications of various types. The company has rich scientific research resources and has multiple technological innovation centers around the world.
About Yinglio
Enlio is one of the world’s leading providers of professional sports flooring, with its business covering R&D, production, sales, installation and after-sales service. Yinglio is the exclusive supplier of 3×3 basketball flooring for the Tokyo Olympics, the exclusive supplier of 3×3 basketball and table tennis flooring for the Paris Olympics, the official global exclusive sports flooring supplier of FIBA 3×3, the global supplier of the World Table Tennis Federation, and FIBA. The official partner of China Youth Training, the official exclusive equipment supplier of the Asian Badminton Federation, and the official supplier of the Chinese Men’s 3×3 Basketball Super League.
Yinglio Construction has a CNAS nationally accredited laboratory, and its products cover SES rubber elastic flooring, prefabricated runways, sports flooring, PVC sports flooring and other categories. Its products have passed certifications such as FIBA, FIBA 3×3, World Athletics, World Yulian, ITTF, International Online Dating, and International Handball Federation, and have become designated products for many top international events, including the World Table Tennis Championships. , Youth Olympic Games table tennis competition, Table Tennis World Cup, 2019-2034 World Basketball Federation 3×3 World Cup and World Tour, etc.
