Printer Friendly

Sabic, KACST to develop high performance materials.

Sabic, a global leader in diversified chemicals, and King Abdulaziz City for Science and Technology (KACST) signed a Joint Development Agreement (JDA) to develop high performance and lightweight materials for advanced applications.

Sabic Vice Chairman and CEO Yousef Al-Benyan and KACST President Dr. Anas Al-Faris signed the JDA in Riyadh, Saudi Arabia.

"This joint development effort fits strategically with the objectives of Saudi Vision 2030 to promote local industries through collaboration and innovation. These high-performance materials will be developed entirely in Saudi Arabia to serve the Kingdom's downstream needs," said Al-Benyan.

"The technology will help achieve sustainability targets by reducing greenhouse gas emissions in transportation markets, because of weight reductions with the use of lightweight materials," he added.

"This agreement will allow us to serve the growing market for advanced materials uses in the Kingdom and create enormous opportunities for new and downstream industries," said Dr. Al-Faris.

"We aim to contribute to enriching the local content, thus supporting the Kingdom's economy and enhancing its competitive position in these industries," he added.

Making use of the existing capabilities and expertise, Sabic and KACST will partner in a multi-year joint research program aiming to develop advanced materials.

Sabic and KACST are planning to involve their young scientists, engineers and chemists in the learning and development of competencies for advanced techniques. -- TradeArabia News Service

Copyright 2021 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2021 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2021 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:TradeArabia (Manama, Bahrain)
Geographic Code:7SAUD
Date:Feb 21, 2021
Previous Article:Emirates offers exclusive content for travel agents.
Next Article:Sharjah Islamic Bank to distribute 8pc cash dividends for 2020.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |