Saudi Aramco, Baker Hughes launch non-metallics joint venture in Saudi Arabia
Saudi Aramco and Baker Hughes have launched a 50:50 joint venture (JV) called Novel Non-Metallic Solutions Manufacturing (Novel) for developing and commercializing a variety of non-metallic products for multiple applications in the energy industry.
The parties inked a memorandum of understanding (MOU) for creating the non-metallics JV in July 2019.
Ahmad Al Sa’adi – Saudi Aramco Senior Vice President for Technical Services said: “Non-metallic products are reshaping the industries and products we all depend on because they are more reliable, cost effective and offer sustainability benefits.
“The partnership with Baker Hughes reinforces our commitment to expanding the use of innovative non-metallic materials in our operations to drive efficiency and reduce maintenance and replacement costs, while also positively impacting the Kingdom’s economic development through job creation and local expertise.”
A new facility for the JV is being developed at King Salman Energy Park (SPARK) in Eastern Province, Saudi Arabia.
Initially, the Novel facility will produce onshore non-metallic pipelines, which will include reinforced thermoplastic pipes (RTP) manufactured from composite materials.
Neil Saunders – Baker Hughes Oilfield Equipment Executive Vice President said: “As an energy technology company, we are investing for growth in strategic areas like non-metallics, and our deep background in non-metallic product development will benefit a wide range of industries.
“Aramco’s vision to expand its product development in the region aligns with our vision to support innovation and manufacturing in Saudi Arabia.”