Aramco, a global leader in energy and chemicals, has entered into a Memorandum of Understanding (MoU) with King Abdullah University of Science and Technology (KAUST) to drive forward research and development with significant environmental and commercial benefits. This partnership will see Aramco invest up to $100 million in KAUST over the next decade, funding a broad spectrum of research initiatives aimed at pushing the boundaries of science and technology.
Amin H. Nasser, Aramco’s President & CEO, highlighted the significance of this collaboration: “This partnership will deepen our engagement with KAUST, exploring new frontiers in R&D and technology development. Our commitment to innovation is integral to advancing various industries and applications.”
Tony Chan, KAUST President, echoed this sentiment, emphasizing the partnership’s impact: “This collaboration underscores KAUST’s commitment to impactful research. Working with Aramco, we aim to address real-world challenges and advance technological solutions for a sustainable future.”
The areas of focus include energy transition, with projects on liquids-to-chemicals conversion, future refineries research, and low-carbon aviation fuels. Sustainability efforts will cover hydrogen production, carbon capture and storage, renewable energy, and energy storage solutions. Additional research will delve into advanced carbon materials and geothermal energy, targeting commercially viable outcomes across these fields.
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 have signed a $100 million Memorandum of Understanding to support research in energy transition, sustainability, and advanced technologies. The decade-long partnership aims to drive innovation and tackle global challenges.){kind=link}