SABIC AND KING ABDULLAH CITY FOR ATOMIC AND RENEWABLE ENERGY COOPERATE TO ADDRESS FUTURE ENERGY NEEDS

SABIC and the King Abdullah City for Atomic and Renewable Energy (K.A.CARE) have signed a Research & Development Agreement to explore untapped areas of cooperation in joint technology development creating in Saudi Arabia new intellectual property. 

The agreement was signed by Dr. Hashim Abdullah Yamani, K.A.CARE President, and Mohamed Al-Mady, SABIC Vice Chairman and CEO, in Riyadh on February 27.

Under the agreement, SABIC and K.A.CARE, in the focus area of Technology and Innovation, will develop a range of protocols for evaluation and feasibility of renewable energies including, solar, wind, and municipal waste, with specific attention given to electricity or steam generation for industrial usage, and energy storage.

Commenting on the agreement, Al-Mady said, “SABIC, as a world leader in chemicals and with a strong commitment to sustainability, is proud to partner with K.A.CARE, whose primary aim is to develop alternative energy capacity supported by local industries. As part of our endeavor, we are looking toward several key areas of cooperation, including facilitating renewable energy technologies in Saudi Arabia and stimulating the local production of key components for such energy generation and storage.”

“We want to ensure over time a win-win partnership with K.A.CARE that would address the energy needs of Saudi Arabia, generate employment, stimulate the economy, and bring benefits for the coming generations,” Al-Mady said.

K.A.CARE was established in 2010 with the fundamental aim of building a sustainable future for Saudi Arabia by developing a substantial alternative energy capacity fully supported by world-class local industries. SABIC continues to invest in innovative technologies to develop products and applications that are energy efficient and respond to sustainability needs.

Samir Al-Abdrabbuh 

Vice President, Corporate Communications