Future Minerals Forum: Saudi Arabia inks key mining agreements with 4 nations 

Future Minerals Forum: Saudi Arabia inks key mining agreements with 4 nations 
Future Minerals Forum: Saudi Arabia inks key mining agreements with 4 nations 

Thank you for reading the news about Future Minerals Forum: Saudi Arabia inks key mining agreements with 4 nations  and now with the details

Jeddah - Yasmine El Tohamy - RIYADH: Saudi Arabia’s drive for environment-friendly materials is set to gain momentum as oil giant is collaborating with the Kingdom’s premier research university to establish a technology consortium.  

The world’s most valuable company has formalized an agreement with the King Abdullah University of Science and Technology to create ENERCOMP, a new initiative will focus on the performance and integrity management of nonmetallics and composites in energy applications.  

As a founding member and initial research sponsor, the oil company aims to propel advancements within the power sector, according to a press release.  

The five-year technology consortium represents a significant investment in university led research and development, specifically targeting nonmetallics and composites in the Kingdom, the release added, as well as creating an innovation hub.  

Ali Al-Meshari, senior vice president of Technology Oversight and Coordination at Aramco, said: “By focusing on the development and integration of smart and cost-effective sensors in composite materials and applying emerging AI solutions, we can deploy novel integrity management technologies to the energy industry at large.”   

The two parties stated that this initiative serves as an exemplary model for uniting a novel technology value chain to enhance the country’s position in energy and materials transitions.   

The collaborative investment is directed toward advancing the Vision 2030 for sustainability and diversification by promoting the development of materials that are less energy-intensive and have a reduced carbon footprint. 

According to the statement, Aramco will utilize its expertise gained from pertinent initiatives like the Rice University Carbon Hub in the US and the Nonmetallic Innovation Center in the UK to assist ENERCOMP in translating foundational science into practical integrity management solutions. 

The announcement added that the endeavor aims to enhance industry confidence in the enduring significance of nonmetallics and composites as integral elements of the materials transition.  

Mirroring the NIC model, the initiative seeks to prompt other players in the energy sector to join the consortium and leverage KAUST’s state-of-the-art research capabilities in engineering solutions, artificial intelligence, and material science. 

Gilles Lubineau, director of ENERCOMP and professor of mechanical engineering at KAUST, said that ENERCOMP marks a new era of robust collaboration between his university and leaders in the energy sector, through an ambitious industry-focused partnership.  

“We will establish a specialized team at KAUST to support engineering applications of nonmetallics and composites across the full energy value chain. By supporting the Kingdom’s nonmetallic and composite agenda, ENERCOMP will deliver innovative solutions needed for a sustainable future,” he said. 

These were the details of the news Future Minerals Forum: Saudi Arabia inks key mining agreements with 4 nations  for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Saudi banks witness 11% surge in loans to $726bn, fueled by corporate activities 

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]