GE (NYSE:GE) announced they've made a deal with King Fahd University of Petroleum and Minerals to develop a fuel research center in Dhahran, Saudi Arabia, on the grounds of the university.
Dubbed the GE Energy Fuel Research Center, it'll work on teaching about alternative fuels produced in Saudi Arabia, and to search out ways to deal with technical challenges related to them, as well as market and distribute them.
Other projects would help the existing refinery and power plants increase fuel efficiency.
Increasing efficiency while decreasing fuel consumption is one of the goals of the partnership in the energy strategy of Saudi Arabia.
No comments:
Post a Comment