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FinancialNews
24-03-21
Saudi Aramco, China cooperate to develop new technologies
(MENAFN)Saudi Aramco vowed a 50-year partnership with China in energy and closer teamwork to improve new technologies to fight climate issues.
“Ensuring the continuing security of China’s energy needs remains our highest priority – not just for the next five years but for the next 50 and beyond,” according to Aramco Chief Executive Officer Amin Nasser during the 2021 China Development Forum.
“To help China meet its innovation, modernization, and sustainability goals, Aramco’s Research Center in Beijing is already working with Chinese universities and companies in areas such as cleaner engine-fuel systems of the future, catalytic crude-to-chemicals technology, and focusing heavily on reducing and removing greenhouse gas emissions.”
Saudi Arabia sets big potential in providing China’s needs for refined products and petrochemicals, in addition to new fuel technologies.
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