Arlanxeo has collaborated with Dhahran Techno Valley Company (DTVC), a wholly-owned company of King Fahd University of Petroleum and Mineral (KFUPM), to work together to develop products and applications relevant for Arlanxeo’s elastomers businesses. It will also involve setting up an elastomers-related R&D centre by Arlanxeo in Dhahran Techno Valley, Saudi Arabia.
Donald Chen, CEO of Arlanxeo, said: “Arlanxeo will seek to leverage the technical know-how and core competencies of DTVC and KFUPM to support our efforts in building an innovative elastomers industry in Saudi Arabia. This collaboration is a natural fit for Arlanxeo as a member of the Saudi Aramco family. KFUPM as an academic institution has deep ties to Saudi Aramco in terms of R+D partnership, while DTVC has a long-standing reputation for pursuing innovative excellence and is home to state-of-the-art R+D infrastructure.”
Abdulaziz Al-Judaimi, Saudi Aramco’s Senior Vice President of Downstream, said: “This cooperation would give Arlanxeo the opportunity to capture the expertise of highly qualified research and academic personnel from DTVC and KFUPM, which could be an important contributor to the growth aspirations of Arlanxeo as well as Saudi Aramco’s broader chemicals growth strategy. Furthermore, this collaboration with KFUPM would enable Arlanxeo to accelerate the development of growth opportunities integrating the strong feedstock position of its parent, Saudi Aramco.”