Aramco signs five agreements with leading French companies

Saudi Aramco

The Saudi Arabian Oil Company (Aramco) announced the signing of five agreements with leading French companies, including an agreement to explore a hydrogen-powered vehicle business with Gaussin, a provider of clean and intelligent transport solutions.

Khalid Al Falih, Minister of Investment of Saudi Arabia and Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness of France, along with Aramco President and CEO, Amin H. Nasser, have attended the event.

Gaussin-Aramco Agreement

The agreement between Aramco and Gaussin aims to establish a modern manufacturing facility for on-road and off-road hydrogen powered vehicles in the Kingdom of Saudi Arabia. Gaussin and Aramco will study the feasibility of a manufacturing facility and a hydrogen distribution business to serve the Middle East region.

Aramco’s Advanced Innovation Center (LAB7) will be involved in Gaussin’s development of hydrogen-powered vehicles and the development of a remote controlled/autonomous hydrogen racing truck. LAB7 aims to integrate Aramco’s composite materials into Gaussin’s existing range of products to reduce the weight, energy consumption and cost of these vehicles.

Aramco will be sponsoring the world’s first hydrogen-fueled racing truck — which has been developed by Gaussin.

Additional MoU’s

Aramco announced a non-binding MoU with Air Liquide to evaluate low Carbon hydrogen and ammonia production, logistics, and backcracking technology and an additional non-binding MoU to evaluate Carbon Capture & Sequestration (CCS) opportunities.

Aramco announced a non-binding MoU with Alteia to develop advanced artificial intelligence driven geospatial imagery interpretation and processing capabilities in the Kingdom of Saudi Arabia.

Aramco announced a non-binding MoU with Axens to explore the local manufacturing and maintenance services of furnaces and fired heaters.