Navigation Links
Launched the Saudi Aramco-KAIST CO2 Management Center in Korea
Date:2/26/2013

Daejeon, Republic of Korea, February 26, 2013The Korea Advanced Institute of Science and Technology (KAIST) and Saudi Aramco, a global energy and petrochemicals enterprise, signed on February 20th, 2013 the Master Research and Collaboration Agreement (the Agreement) on joint collaborations in research and development of carbon management between the two entities.

The Agreement was subsequently concluded upon the signing of the Memorandum of Understanding (MOU) between KAIST and Saudi Aramco, dated January 7th, 2013. In the Agreement, the two organizations specified terms and conditions necessary to conduct joint research projects and stipulated governing body for the operation of the Saudi Aramco-KAIST CO2 Management Center.

KAIST and Saudi Aramco, a national oil company for Saudi Arabia, entered into the MOU, in which the two parties shared a common interest in addressing the issue of CO2 capture, CO2 storage, CO2 avoidance using efficiency improvements, and converting CO2 into useful chemicals and other materials, and agreed to "create a major research center for CO2" in Korea.

As envisioned by the MOU and its subsequent agreement, KAIST and Saudi Aramco decided to operate an interim office of the Saudi Aramco-KAIST CO2 Management Center at KAIST campus in Daejeon, Korea, pending the establishment of the research center. The full-fledged, independent research facility will be built at a location and during a period to be agreed between the two parties.

Following the signing of the Agreement, there was a celebration event taken place, including a signboard hanging ceremony for the interim research office. A 10-member delegation from Saudi Aramco, which was headed by Vice President of Engineering Services Samir Al-Tubayyeb, Dr. Nam-Pyo Suh, former president of KAIST, Vice President of Research at KAIST Kyung-Wook Paik, and senior representatives from Korean oil and petrochemical companies such as S-Oil, Lotte Chemicals, SK Innovation, and STX attended the event.

Kyung-Wook Paik, Vice President of Research at KAIST, said,

"In order to help find solutions to carbon management, KAIST and Saudi Aramco will facilitate to exchange each party's complementary technical expertise, gain insight into new research fields, and have access to key sources of talent, while promoting innovation for technology solutions and contributing to the lifelong learning agenda of both organizations."

Samir Al-Tubayyeb, Vice President of Engineering Services at Saudi Aramco, added that "As a world-leading oil and gas company, Saudi Aramco's mission is to promote the continued use of safe, environmentally-friendly petroleum products with a vision to becoming a global leader in research and technology. Building a strong and cooperative relationship with KAIST in our endeavor to search for alternative ways to better utilization of fossil fuels will expedite the creation of opportunities to make the world environmentally safer and sustainable."

KAIST and Saudi Aramco will each chip in a maximum of USD 5 million annually for the establishment and operation of the Saudi Aramco-KAIST CO2 Management Center during the initial term of the Master Research and Collaboration Agreement, which starts in 2013 and continues through 2018.


'/>"/>
Contact: Lan Yoon
hlyoon@kaist.ac.kr
82-423-502-295
The Korea Advanced Institute of Science and Technology (KAIST)
Source:Eurekalert  

Related biology news :

1. Flavor and the new Nordic cuisine: BioMed Centrals new scientific journal Flavor is launched
2. Global effort launched to save turtles from extinction
3. Trial launched into curry chemicals cancer-fighting properties
4. New journal on disruptive science and technology launched by Mary Ann Liebert Inc. publishers
5. Progress in Osteoporosis re-launched with new design, now invites commentary
6. First Indian-European research networking projects in the social sciences launched
7. KAIST and Saudi Aramco agreed to establish a joint CO2 research center in Korea
8. New study compares diets for weight management in obese children
9. Slug ecology and management in no-till field crops
10. An integrated pest management program for coffee berry borer in Colombia
11. Approach to diabetes self-management too narrow, study suggests
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Launched the Saudi Aramco-KAIST CO2 Management Center in Korea
(Date:10/3/2018)... ... October 03, 2018 , ... Orbsen ... first-in-class stromal cell immunotherapies, announced that ORBCEL-M™, a second generation stromal cell ... progressive diabetic kidney disease in a four-site, pan-European Phase I/II clinical trial. ...
(Date:10/2/2018)... , ... October 02, 2018 , ... ... September 25th to 27th, 2018 at Tampa Convention Center. The Palo Alto-based face ... & Biometrics session on September 27th. Other speakers included U.S. Federal executives from ...
(Date:10/1/2018)... ... ... Jeff Aronin was recently recognized by Insights Care magazine for his ... in need. Jeff’s vision has led Paragon to the top of the industry with over ... its portfolio companies. , From his inspiration as a young professional to his ...
Breaking Biology News(10 mins):
(Date:9/28/2018)... YORBA LINDA, Calif. (PRWEB) , ... September 28, ... ... educational and interactive virtual events for tech innovators, engineers, and scientists from around ... Peru studying at the National University of San Marcos, as the winner of ...
(Date:9/27/2018)... (PRWEB) , ... September 26, 2018 , ... ... and biologics manufacturer, debuted its focus® Pedicle Screw System today at the North ... September 26-29. , The Nvision focus Pedicle Screw System, which received ...
(Date:9/22/2018)... ... September 20, 2018 , ... ... announce a strategic venture. The synergistic combination of Predicine’s GeneRADAR molecular insights ... comprehensive biomarker profiling to empower clinical trials in the immuno-oncology (IO) space. ...
(Date:9/15/2018)... ... ... Nationally recognized public accounting and consulting firm Cherry Bekaert LLP (“the Firm”) ... on her appointment to Launch Tennessee’s Board of Directors. , Patrick has ... Firm’s Nashville practice in December 2017 . In this role, she oversees the execution ...
Breaking Biology Technology: