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Aramco invests $100 million in KAUST to drive environmental and commercial research
The funds are to be allocated for different initiatives, from essential research to applied technologies.
Aramco has partnered with King Abdullah University of Science and Technology (KAUST) to advance research that promises environmental and commercial benefits. Under the memorandum of understanding (MoU), Aramco will invest up to $100 million in research and development projects at KAUST over the next decade.
The funds will support various initiatives, from foundational research to applied technologies. Amin Nasser, Aramco President & CEO, said, “This collaboration will further deepen Aramco’s relationship with KAUST, and we look forward to exploring new possibilities and frontiers with a strong focus on R&D and technology development, reflecting our firm belief in the importance of innovation across industries and applications.”
Meanwhile, Tony Chan, president of KAUST, said, “The partnership exemplifies KAUST’s dedication to fostering impactful research that drives technological advancements and addresses real-world challenges. Our collaboration with Aramco will leverage our combined expertise to develop innovative solutions for a sustainable future.”
The areas of collaboration between Egypt and the UAE cover several key fields: energy transition, sustainability, materials transition, upstream technologies, and digital solutions. The focus is on developing commercially viable outcomes in these areas.
In energy transition, the partnership will explore topics such as liquids-to-chemicals conversion, future refinery research, and low-carbon aviation fuels. Sustainability research will address hydrogen, carbon capture and storage, renewables, and energy storage solutions.
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