Sabic in India research partnership deal
Riyadh, August 27, 2013
Global petrochemical giant Sabic has announced that one of its key subsidiaries, has signed a multi-year strategic partnership deal with India-based research academy IITB-Monash.
The scope of collaboration between Sabic Research & Technology Private Limited (SRTPL) and IITB-Monash, one of the world’s leading research academies based at the Powaii campus off IIT Bombay, will extend to all of Sabic’s Technology & Innovation centers worldwide, said a statement from the petrochemical giant.
The partnership will also pave the way for close collaboration in multiple research projects, allowing both organizations to mutually develop advanced technologies into innovative solutions that meet global needs and demands in a number of areas that benefit society, it stated.
Commenting on the deal, Ernesto Occhiello, the executive VP (Technology & Innovation) said: "Sabic understands that innovation is critical to achieving the goals of our sustainability strategy and to helping societies around the world achieve theirs."
"Sabic's global partnerships in technology and innovation are central to the company’s growth plans and this latest agreement with IITB-Monash represents an important step forward in our global commitment to advancing technologies and responding to the needs of society across a range of technology sectors," he observed.
"This partnership is as an expansion of Sabic’s existing relationship with IITB-Monash, and will deliver a much closer relationship that will enable the world class research teams of both organizations to work together in their respective joint research areas," Occhiell added.
IITB-Monash, which operates as an independent, autonomous research institution, attracts the best talent – students as well as academic and research staff – to work on goal directed, cross-disciplinary grand challenges.
Commenting on the cultural similarities between the two organizations, Frank Kuijpers, Sabic GM (Technology & Innovation) said: “At Sabic, we empower our people and reward them for innovative and pioneering work undertaken collaboratively with our customers and research partners."
"IITB-Monash has a similar “can do” culture to Sabic and we look forward to embarking on this new journey with them," he added.-TradeArabia News Service