KAPSARC & Japan’s Institute of Energy Economics in clean energy cooperation

  • Date: 18-Jul-2023
  • Source: GCC Business News
  • Sector:Oil & Gas
  • Country:Saudi Arabia
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KAPSARC & Japan’s Institute of Energy Economics in clean energy cooperation



Rep.Image (Courtesy: KAPSARC)



The Saudi-based King Abdullah Petroleum Studies and Research Center (KAPSARC) has signed a memorandum of understanding (MoU) with the Institute of Energy Economics, Japan (IEEJ) to support the mutual vision of promising sustainable energy.

The MoU aims at strategic partnership, laying a solid foundation for joint ventures, and promoting areas of applied research activities, with the aim of accelerating innovation and stimulating the energy transition for a more sustainable energy future.

The signing ceremony, which was held in Jeddah, came on the sidelines of the official visit of Japanese Prime Minister Fumio Kishida to Saudi Arabia.

The new cooperation agreement comes within the framework of the “Manar” initiative for clean energy cooperation, launched by the Saudi and Japanese sides, to be a guiding light to other countries and regions of the world in their quest to develop their strategies and plans to achieve their ambitions to reach climate neutrality.

The Saudi-Japanese cooperation includes research and applied activities that include joint workshops, holding events and participation in international conferences, evaluating experts specialized in the same field for research and policy papers, and exchanging researchers. KAPSARC and the IEEJ seek to make a positive impact on the energy community by building a