The Korea Advanced Institute of Science and Technology and Saudi Aramco have agreed to establish a research center to develop technologies to capture, store and utilize carbon dioxide.
Korea’s leading research institution and the world’s top oil developer signed a memorandum of understanding in Dhahran, Saudi Arabia, on Monday.
They will build a new facility with a total floor space of 16,500 square meters in the school’s campus in Daejeon.
KAIST said the center will be financed equally by the two sides, without specifying the amount. Their collaboration will run initially for six years and could be extended.
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