Riyadh – Mubahser: Aramco Services Company, the North America unit of Saudi Aramco, has signed a five-year $25 million cooperation agreement with Massachusetts Institute of Technology.
The deal is part of the institute’s plans to focus on research and development in sustainable and renewable energy, carbon capture, utilisation, and storage.
The agreement also entailed concentrating on environmental science, energy storage, water conservation and reuse systems.
Saudi Crown Prince Mohammed bin Salman and Aramco CEO Amin Nasser witnessed the signing ceremony.
