Aramco and China National Building Material Group announce strategic collaboration

DHAHRAN – WEBWIRE – Friday, September 27, 2024

Aramco, one of the worlds 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 Aramcos expertise in nonmetallic materials and CNBMs 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.

Zhou Yuxian, CNBM Chairman, said: We attach great importance to strategic cooperation with Aramco. This agreement combines CNBMs and Aramcos respective strengths with the goal of win-win cooperation. CNBM is seeking to promote a low-carbon transition through the nonmetallic materials industry. By leveraging our work in low-carbon integrated solutions, CNBM aims to complement Aramcos efforts to advance the materials transition. This agreement envisages a wide range of cooperation that has potential to positively contribute to low-carbon development, while supporting further strategic alignment between China and the Kingdom of Saudi Arabia.

This CFA builds on Aramcos existing relationship with CNBM and follows the 2021 launch of the Nonmetallic Excellence and Innovation Center for Building Materials (NEXCEL), in Beijing, by Aramco and the China Building Materials Academy (CBMA) the science and technology branch of CNBM.

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IMAGE CAPTION:

At the signing ceremony, sitting front row, from left, CNBM General Manager Assistant Zhi Xiao and Aramco Senior Vice President of Engineering Services Khalid Al Qahtani. Standing, from left, CNBM Chairman Zhou Yuxian, Aramco President & CEO Amin H. Nasser, and Aramco Executive Vice President of Technical Services Wail Al Jaafari.

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