ARAMCO

Ocean Aero, INTRA Defense Technologies, and MEMR Forge Strategic Partnership to Propel Maritime Technology Advancements in Saudi Arabia

Retrieved on: 
Wednesday, February 7, 2024
Technology, Science, Military, Oil, Gas, Maritime, Engineering, Security, Energy, Transport, Research, Government Technology, Other Defense, Manufacturing, Software, Defense, Environment, Hardware, Partnership, Multimedia, Vision 2030, ARAMCO, RSNF, NEOM, Technology transfer, ISR, Organization, Renewable energy

This strategic alliance was facilitated by Lockheed Martin, which holds a significant stake in Ocean Aero and provides trusted expertise across a variety of disciplines.

Key Points: 
  • This strategic alliance was facilitated by Lockheed Martin, which holds a significant stake in Ocean Aero and provides trusted expertise across a variety of disciplines.
  • This partnership will introduce and implement disruptive maritime technology to the region through Ocean Aero’s Triton AUSV—the world’s first and only autonomous underwater and surface vehicle—capable of servicing a large and growing set of applications in the Kingdom.
  • (Photo: Ocean Aero)
    Aligned with Saudi Arabia’s Vision 2030 initiative, this partnership promotes the localization of cutting-edge engineering, job creation, and technology transfer.
  • With the support of INTRA Defense Technologies and MEMR, Ocean Aero will fortify Triton fleets with ongoing component development, routine maintenance, and continued industrialization in the region.

Hydrogen Hubs Market worth $5.9 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, January 12, 2024
Hydrogen, Aircraft, Personal air vehicle, Electrolysis, Natural gas, Permanent magnet motor, General aviation, Energy storage, Battery, CCS, Conversion, Oxygen, Component, Shell, Linde plc, Business, Commercial, Steam, Carbon, Investment, ISR, ARAMCO, Aerostructure, Air medical services, Transport, Commercial aviation, Combat, Shell plc, Cargo, SMR, Electricity generation, Growth

Based on the industry, the automotive segment is estimated to lead the market from 2023 to 2030.

Key Points: 
  • Based on the industry, the automotive segment is estimated to lead the market from 2023 to 2030.
  • Expected to be a fundamental catalyst for the growth of clean hydrogen hubs between 2023 and 2030, the automotive industry is poised to play a vital role in supplying and utilizing hydrogen and hydrogen fuel cell stacks within hubs.
  • The electrolysis segment in the hydrogen hub market is projected to have the highest CAGR in the forecast period.
  • Based on end use, liquid hydrogen, and hydrogen fuel cells are the primary segments in the hydrogen hub market.

Hydrogen Hubs Market worth $5.9 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, January 12, 2024
Hydrogen, Aircraft, Personal air vehicle, Electrolysis, Natural gas, Permanent magnet motor, General aviation, Energy storage, Battery, CCS, Conversion, Oxygen, Component, Shell, Linde plc, Business, Commercial, Steam, Carbon, Investment, ISR, ARAMCO, Aerostructure, Air medical services, Transport, Commercial aviation, Combat, Shell plc, Cargo, SMR, Electricity generation, Growth

Based on the industry, the automotive segment is estimated to lead the market from 2023 to 2030.

Key Points: 
  • Based on the industry, the automotive segment is estimated to lead the market from 2023 to 2030.
  • Expected to be a fundamental catalyst for the growth of clean hydrogen hubs between 2023 and 2030, the automotive industry is poised to play a vital role in supplying and utilizing hydrogen and hydrogen fuel cell stacks within hubs.
  • The electrolysis segment in the hydrogen hub market is projected to have the highest CAGR in the forecast period.
  • Based on end use, liquid hydrogen, and hydrogen fuel cells are the primary segments in the hydrogen hub market.

F1® ARCADE TO OPEN IN BOSTON SEAPORT MARCH 2024

Retrieved on: 
Wednesday, May 10, 2023
Circuit, Arcade, Interview, Formula One, Jack's Flight Club, Multimedia, Circuit of the Americas, Formula, F1, ARAMCO, United Kingdom, Growth, Oakbrook Center, Amusement park, Video game

BOSTON, May 10, 2023 /PRNewswire/ -- F1® Arcade, the world's first official Formula 1® simulator racing experience to put socializing at its core, is opening its first US location in Boston Seaport in March 2024. Combining social gaming with the excitement, glamour and thrills of Formula 1®, as well as best-in-class food and drink offerings, the unique hospitality concept for fans and non-fans has set ambitious US expansion plans following the success of its flagship London venue which opened late 2022.

Key Points: 
  • Upon opening, Boston Seaport will be the first to experience the excitement and thrill of F1® Arcade with full motion racing simulators.
  • Boston Seaport will be the first to bring the excitement and thrill of F1® Arcade across the Atlantic.
  • F1® Arcade is set to open March 2024 located at 87 Pier 4 Boulevard, Boston, Ma.
  • For further information on F1 Arcade Boston Seaport, please visit https://f1arcade.com/boston and follow @f1arcadeusa on Instagram for updates.

Saudi, WEF Launch Innovation Accelerator, Explore Collaborations in Global Metaverse Village

Retrieved on: 
Tuesday, January 17, 2023
Professional Services, Public Policy, Government, Environment, Advocacy Group Opinion, Green Technology, Finance, Foreign Affairs, Communications and Information Technology Commission (Saudi Arabia), World Economic Forum, Information technology, Development, Mining, Empowerment, Female, Letter of intent, Resource management, LOI, Communication, Research, Kingdom, ARAMCO, Fourth Industrial Revolution, Mineral, WEF, KACST, Innovation, Multimedia, Science, Private sector, Annual general meeting, Weapon, Construction

A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting.

Key Points: 
  • A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting.
  • During the meeting, the delegates highlighted the Kingdom’s role as a Pioneering Partner in the Forum’s Global Collaboration Village, which will leverage the metaverse to serve the global community.
  • Saudi Arabia intends to build a house in the village opening a door to opportunities, investment, and collaboration between various national stakeholders and international entities.
  • It was highlighted in the meeting that Saudi ARAMCO, as one of Saudi’s leading private sector entities, is the first company to build a house in the Global Collaboration Village.

AMG Update on Energy Transformation: LIVA Batteries

Retrieved on: 
Monday, November 21, 2022
Lithium, AMG, Recycling, United Kingdom, Engineering, HESS, ARAMCO, Lithium-ion battery, Artificial intelligence, Transport, Graphite, Silicon, Electricity, Kingdom, Antimony, Mining, Ecosystem, CO2, Vanadium, LIVA, Public expenditure, Safety, Algorithm, Renewable energy, Hauzenberg

Amsterdam, 21 November 2022 --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") announces that its subsidiary, AMG LIVA, has put its first battery Hybrid Energy Storage System (“HESS”) into fully automatic operation mode in Hauzenberg, Germany. The HESS battery system is an ecosystem combining Lithium-Ion and Vanadium Redox Flow batteries with artificial intelligence routines and self-learning algorithms to maximize efficiency, safety and lifetime of the batteries, integrating the HESS with the facility’s power system, renewable energy sources, and the electrical grid.

Key Points: 
  • Amsterdam, 21 November 2022 --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") announces that its subsidiary, AMG LIVA, has put its first battery Hybrid Energy Storage System (HESS) into fully automatic operation mode in Hauzenberg, Germany.
  • AMG LIVA intends to expand the HESS system at Hauzenberg to include a large-scale solar power plant integration to further reduce facility energy costs.
  • LIVA hybrid energy storage systems are important elements of AMGs strategy to enable energy efficiency and CO2 reduction for its customers in industrial operations.
  • Presently, within the AMG Group, there are three additional LIVA batteries under construction.

FundCount Joins the Cyprus Investment Funds Association (CIFA)

Retrieved on: 
Thursday, November 10, 2022
Human, Investment, ESG, Intelligence, Association, Board, ARAMCO, AUM, Industry, KSA, Board of directors, Compliance, Particular, Foundation, Renewable energy, EU

CHRIST CHURCH, Barbados, Nov. 10, 2022 /PRNewswire/ -- FundCount today announced its joining of the Cyprus Investment Funds Association (CIFA). CIFA is the fund industry's sole recognized body located in Cyprus.

Key Points: 
  • CHRIST CHURCH, Barbados, Nov. 10, 2022 /PRNewswire/ -- FundCount today announced its joining of the Cyprus Investment Funds Association (CIFA).
  • Cyprus is a member of the EU and its regulatory framework is fully aligned with all the EU directives and regulations.
  • The combination of the EU legal framework and common law system makes Cyprus a uniquely attractive jurisdiction for structuring and operating investment funds.
  • The Cyprus Investment Funds Association (CIFA) was established in February 2013 and registered as an Association in April of the same year under the Associations and Foundations Law of 1972, with the purpose and aspiration to become the collective voice and the reference point for all professionals and legal entities, offering services or engaged in the Investment Funds Industry in Cyprus.

Saudi Arabia Air Compressor (Portable/Stationary) Markets Report 2022

Retrieved on: 
Monday, June 27, 2022
Saudi Vision 2030, COTC, ARAMCO, Competitive landscape, COVID-19, Growth, Atmosphere, Health, Lubrication, CAGR, Industrialisation, SABIC, Government, Education, Oil, Weapon, Technology

DUBLIN, June 27, 2022 /PRNewswire/ --The "Saudi Arabia Air Compressor Market Outlook: Market Forecast By Types, By Technology (Rotary, Centrifugal, Reciprocating), By Lubrication, By Applications, By Regions And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, June 27, 2022 /PRNewswire/ --The "Saudi Arabia Air Compressor Market Outlook: Market Forecast By Types, By Technology (Rotary, Centrifugal, Reciprocating), By Lubrication, By Applications, By Regions And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
  • Saudi Arabia Air Compressor Market size is projected to grow at a CAGR of 3.6% during 2021-2027F.
  • In the recent past, Saudi Arabia air compressor market showed a decent growth on back of projects in oil & gas sector, industrial development, and growing construction sector over the years.
  • Moreover, ongoing and upcoming infrastructural advancement are escalating the growth of air compressor market in Saudi Arabia.

Saudi Arabia Air Compressor Markets Outlook 2021-2027 - Focus on Oil & Gas, Construction, Industrial, and Food & Beverage Industries - ResearchAndMarkets.com

Retrieved on: 
Friday, June 24, 2022
Other Manufacturing, Manufacturing, Saudi Vision 2030, COTC, ARAMCO, COVID-19, Growth, Atmosphere, Health, CAGR, Industrialisation, SABIC, Government, Multimedia, Education, Weapon, Oil, Technology

View the full release here: https://www.businesswire.com/news/home/20220624005181/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220624005181/en/
    Saudi Arabia Air Compressor Market size is projected to grow at a CAGR of 3.6% during 2021-2027F.
  • In the recent past, Saudi Arabia air compressor market showed a decent growth on back of projects in oil & gas sector, industrial development, and growing construction sector over the years.
  • The Eastern region occupies maximum share of air compressor market due to the presence of major oil companies such as ARAMCO and SABIC.
  • Moreover, ongoing and upcoming infrastructural advancement are escalating the growth of air compressor market in Saudi Arabia.

PATRÓN Tequila Becomes the First-Ever Official Tequila Partner of the Formula 1 Paddock Club™

Retrieved on: 
Tuesday, May 24, 2022
FIA, Hospitality, Bacardi, GRAN, VIP, DRESS, Formula One, View, Highland, FIA Formula 2 Championship, BEE, Formula, The Paddock Club, HONDA, ITS, ARAMCO, GRAND PRIX, Drama, Nightclub, Fireworks, Liquor, F1

ATOTONILCO EL ALTO, Mexico, May 24, 2022 /PRNewswire/ -- PATRÓN tequila, the world's number one super-premium tequila*, is now the official tequila of the F1 Paddock Club™, the ultimate trackside experience Formula 1® offers to VIP guests at each race weekend.  This marks the first-ever exclusive tequila partnership within the F1 Paddock Club™ debuting at the premium yacht experience at the FORMULA 1 GRAND PRIX DE MONACO 2022, and further solidifies PATRÓN's role in the world of F1®, following the recent collaboration with beloved Mexican racing icon Sergio "Checo" Perez earlier this year.

Key Points: 
  • "PATRN is the perfect brand to be our exclusive tequila partner for the Paddock Club and look forward to creating a best-in-class cocktail experience at the upcoming races this season and in 2023."
  • From hand-harvesting the highest-quality 100 percent Weber Blue Agave, to the traditional, time-honored distillation process and individual labeling, numbering, and inspection of each bottle, PATRN Tequila is crafted with meticulous precision and care.
  • Formula One World Championship Limited is part of Formula 1and holds the exclusive commercial rights to the FIA Formula One World Championship.
  • The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1 company.