SABIC signs pact with German research group for technology development
Petrochemical major Saudi Basic Industries Corp. (SABIC) and German research organization Fraunhofer-Gesellschaft recently signed a multi-year agreement to mutually develop advanced technologies.
The companies say the partnership is aimed at meeting global needs and demands in societal areas such as light-weight construction and renewable energy.
The agreement was signed by Dr. Ernesto Occhiello, SABIC executive vice president for technology and innovation, and Prof. Ulrich Buller, senior vice president for research planning at Fraunhofer-Gesellschaft.
SABIC is especially interested in research cooperation in fields such as light-weighting products including polymeric materials and composites, with applications in the automotive and aerospace industry, it said.
SABIC also noted that it has a strong interest in solar energy technology.
“We are proud to partner with Fraunhofer , reputed to be Europe’s largest application-oriented research organization,” said Occhiello.
“As in the case of SABIC, the work undertaken by their researchers and developers has a significant impact on people’s lives,” he continued.
“We have built, and are continuing to build, networks of research alliances with key global partners and innovation leaders to meet our strategic growth ambitions, address customer interest, and meet sustainability needs.”
Fraunhofer is Europe’s largest application-oriented research organization.
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