Aramco and CNBM have signed a five-year agreement to explore joint opportunities in advanced materials and manufacturing.
Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a five-year Cooperation Framework Agreement (CFA) with the China National Building Material Group Co., Ltd. (CNBM), one of the largest producers of comprehensive building materials in the world, to explore new opportunities in advanced materials and industrial development.
The companies have identified a number of areas for potential collaboration, including the possible establishment of manufacturing facilities in the Kingdom of Saudi Arabia to produce wind turbine blades, hydrogen storage tanks, lower-carbon building materials, and energy storage solutions. Other areas of focus include a potential new center for training, inspection and accreditation, as well as a proposed joint technology development center and laboratory to promote innovation.
Wail Al Jaafari, Aramco EVP of Technical Services, said: “We look forward to expanding our efforts with CNBM as we pursue new breakthroughs in materials science that have potential to deliver tangible benefits for the building sector and beyond. From developing solutions that could reduce construction emissions to innovations that enhance product performance, our goal is to help drive the materials transition. By combining Aramco’s expertise in nonmetallic materials and CNBM’s industry know-how, we aim to identify groundbreaking advances and new business opportunities, as well as promote further development of manufacturing capabilities within the Kingdom of Saudi Arabia.”
