Aramco signs five key deals with French firms

Aramco signs five key deals with French firms

Saudi oil giant Aramco has announced the signing of five agreements with leading French companies, including a deal to explore a hydrogen-powered vehicle business with Gaussin.

 

The agreement between Aramco and Gaussin, a pioneer in clean and intelligent transport solutions, aims to establish a modern manufacturing facility for on-road and off-road hydrogen-powered vehicles in Saudi Arabia. 

 

As a first step, Gaussin and Aramco will study the feasibility of a manufacturing facility and a hydrogen distribution business to serve the Middle East region.

 

The two companies also agreed that Aramco’s Advanced Innovation Centre (LAB7) will be closely 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 also be sponsoring the world’s first hydrogen-fuelled racing truck, which has been developed by Gaussin and which will compete in the 2022 Dakar Rally in Saudi Arabia. Aramco’s sponsorship of Gaussin’s participation in the Dakar Rally continues to promote low-emission transportation technology developments.

 

Signing of the agreements took place during an event in Jeddah, organised by the Ministry of Investment to explore investment opportunities for French