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:4/13/2017)... UBM,s Advanced Design and Manufacturing event in ... and evolving technology through its 3D Printing and Smart ... the expo portion of the event and feature a ... on trending topics within 3D printing and smart manufacturing. ... will take place June 13-15, 2017 at the Jacob K. ...
(Date:4/11/2017)... -- NXT-ID, Inc. (NASDAQ:   NXTD ) ("NXT-ID" ... of independent Directors Mr. Robin D. Richards and ... furthering the company,s corporate governance and expertise. ... Gino Pereira , Chief Executive Officer ... guidance and benefiting from their considerable expertise as we move ...
(Date:4/4/2017)... YORK , April 4, 2017   EyeLock ... today announced that the United States Patent and Trademark ... patent broadly covers the linking of an iris image ... same transaction) and represents the company,s 45 th ... latest patent is very timely given the multi-modal biometric ...
Breaking Biology News(10 mins):
(Date:7/14/2017)... ... 2017 , ... Dr. Joshua Mondlick has introduced the LANAP® protocol to treat ... Perio, in the Phoenix area. Dr. Mondlick is at the forefront of the ... treatment to re-grow bone and with significantly less pain than traditional surgery options. , ...
(Date:7/14/2017)... ... July 14, 2017 , ... Diagenode ... of proteins to clean peptides for mass spectrometry (MS) analysis combining the PreOmics ... PreOmics iST Kit is based on proprietary technology that contains optimized buffer systems ...
(Date:7/13/2017)... ... 13, 2017 , ... Heritage Biologics is proud to announce ... leader in promoting healthcare quality through accreditation, certification and measurement. By achieving this ... and better patient outcomes. , ÔÇťAchieving URAC accreditation is a reflection of ...
(Date:7/13/2017)... (PRWEB) , ... July 13, 2017 , ... ... only two spectrophotometer calibration standards. Blast forward seven years and now they ... accuracy, holmium oxide for wavelength accuracy, and resolution testing. ...
Breaking Biology Technology: