Air Products has signed an agreement with Dhahran Techno Valley Company to build and develop a “world class” technology centre in the Kingdom of Saudi Arabia.
Located in the Dhahran Techno Valley Science Park, the centre will serve as the cornerstone for industrial gas technology and project development in the Kingdom of Saudi Arabia. Currently in the designing stage, Air Products’ new technology centre is expected to be fully operational by 2019.
Air Products’ Chairman, President and CEO, Seifi Ghasemi, commented, “We are delighted to be building this world-class Industrial Gases technology centre in the Kingdom of Saudi Arabia.”
Dr. Samir Serhan, Air Products’ Executive Vice-President, said, “This investment by Air Products represents yet another example of our company’s strong commitment to the Kingdom of Saudi Arabia, both in terms of investment in the country’s future and in the development of its people. Once complete, the centre will become the hub through which Air Products will provide technology expertise in support of new opportunities for industrial gases in the region. The centre will deliver the latest technology from Air Products, focused on providing improvements in process safety, energy efficiency, reliability and operational excellence to serve our regional customers.”
Air Products’ President for Industrial Gases - Middle East, India, Egypt and Turkey, Richard Boocock, added, “Air Products has worked in Saudi Arabia since the 1970s and made long-term investments in the country since 2012 in conjunction with our joint venture partners. Today, in conjunction with our partners ACWA, Air Products is developing the world’s largest industrial gas complex to supply 75,000 metric tons per day of oxygen (O2) and nitrogen (N2) to Saudi Aramco’s power station and refinery in Jazan, Saudi Arabia. The technology center is our latest step in demonstrating our long-term commitment to The Kingdom in developing local talent, technology and industrial gas projects in Saudi Arabia.”
Dr. Khaled Al-Sultan, Chairman of Dhahran Techno Valley Company and Rector of King Fahd University of Petroleum and Minerals, said, “Dhahran Techno Valley is a prominent destination for energy research that fosters industry-academia partnerships while remaining focused and committed to technology development and innovation. Air Products represents an excellent addition to our partner base and diversification strategy – moving from upstream to downstream.”
As the company’s new technology centre and primary base for technology support in The Kingdom, the center will ultimately become a base for collaboration with regional universities, as well as for supporting all of Air Products’ technical activities in the region.
During design and construction of the new centre, Air Products will base its operations from offices in Al Khobar.