“Namaat” investment plan includes deals with Shell, Solvay, Veolia
Aramco CEO Amin H. Nasser discusses the "Namaat" programme (Photo: Aramco)
A joint venture and more than 20 memoranda of understanding are part of the “Namaat” programme, according to initiator Saudi Aramco (Dhahran;, which said it is using the investments to spur value creation in sustainability, technology, advanced materials, and industrial and energy services while improving economic growth and diversification in the company’s home country. The world’s largest oil company by revenue explained that the name of its programme means collective growth in Arabic. No financial details were disclosed.

Aramco president and CEO Amin Nasser said, “Namaat offers our partners significant opportunities to participate in Aramco’s long-term growth strategy and play a vital role in the Kingdom’s expanding energy and chemicals supply chain. The benefits for everyone involved are multiple as well as mutual.”

The 22 memoranda with global corporations include a deal with Solvay (Brussels / Belgium; to establish a composites value chain, an agreement with Shell (The Hague / The Netherlands; to develop and produce catalysts for the chemical and petrochemical industry, and a deal with Veolia (Paris / France; for integrated waste management.
24.09.2021 [248618-0]
Published on 24.09.2021
Saudi-Aramco: Investitionsprogramm mit 22 AbsichtserklärungenGerman version of this article...

© 2001-2022  |  Imprint  |  Privacy  |  Cookie settings is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2022 by, Bad Homburg
Date of print: 19.08.2022 00:30:29   (Ref: 819236701)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: