Aramco has signed a memorandum of understanding (MoU) with King Abdullah University of Science and Technology (KAUST) to support research that aims to deliver environmental and commercial benefits.

The company plans to fund up to $100 million in research and development projects with KAUST over the next 10 years.

Aramco stated that the funds are part of a wide range of initiatives, from essential research to applied technologies, as KAUST seeks to push the boundaries of science and innovation.

“This collaboration will further deepen Aramco’s relationship with KAUST and we look forward to exploring new possibilities and frontiers with a strong focus on R&D and technology development, reflecting our firm belief in the importance of innovation across industries and applications,” said Amin H. Nasser, CEO of Aramco.

For his part, Tony Chan, President of KAUST, said: “The partnership exemplifies KAUST’s dedication to fostering impactful research that drives technological advancements and addresses real-world challenges. Our collaboration with Aramco will leverage our combined expertise to develop innovative solutions for a sustainable future.”

Areas of cooperation include the energy transition, sustainability, materials transition, upstream technologies, and digital solutions, with an emphasis on developing commercially viable outcomes.

Notably, the topics identified within the energy transition field include liquids-to-chemicals conversion and future refineries research, as well as low-carbon aviation fuels.

Meanwhile, Sustainability research will include hydrogen, carbon capture and storage, renewables, and energy storage solutions.

Additional projects are expected to focus on advanced carbon materials and geothermal energy, among other things.