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CNBM and Saudi Aramco Announce Launch of Strategic Partnerships
On September 24, CNBM and Saudi Aramco signed a five-year Cooperation Framework Agreement (CFA) to share opportunities and seek common development in advanced materials and industrial development. During the ceremony, Zhou Yuxian, Chairman of CNBM, and Amin Nasser, President and CEO of Saudi Aramco, witnessed the signing of the agreement. Zhi Xiao, GM Assistant of CNBM, and Khalid Al Qahtani, Aramco Senior Vice President Engineering Services, signed the agreement on behalf of the two sides. Other attendees included Yin Zibo, Chief Operating Officer of CNBM and Chairman of Triumph Science & Technology Co., Ltd., Meng Qinglin, Chairman of Sinoma Energy Conservation Limited, Yin Zhisong, Chairman of Sinoma International, and Cha Jinxiang, General Manager of the Strategic Development Department (International Cooperation Department) of CNBM.
These two 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.
CNBM Chairman Zhou Yuxian stated that CNBM attached great importance to strategic cooperation with Aramco. This agreement combines CNBM’s and Aramco’s 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 Aramco’s 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.
Wail Al Jafaari, Aramco EVP of Technical Services, said that Aramco looks forward to expanding its efforts with CNBM as we both 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 Aramco’s expertise in nonmetallic materials and CNBM’s 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.”
This CFA builds on Aramco’s 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.
