(MENAFN - The Peninsula) As Qatar continues to grow its energy and industrial sectors, and attempts to further optimise its hydrocarbon resources utilisation, research and innovation are set to propel the future success of these sectors. Research might allow the development of new products using Qatar's existing feedstock and natural resources and opens the door to new uses for energy products and derivatives such as petrochemicals.
To further this goal, Materia Inc and Qatar Petrochemical Company (Qapco) have forged a partnership, through a memorandum of understanding (MoU), to further reinforce their collaborative research and development efforts, and to study the development of the next generation of materials produced from Qatar's existing feedstocks. Materia's expertise and breakthrough catalyst technology combined with Qapco resources could potentially lead to the development of new products.
Indeed, Materia specialises in efficient feedstock utilisation and the extraction of specific petrochemical and chemical compounds. Together, they will explore the possibilities to further optimise the use of Qatar's natural resources, by studying how to extract new products from Qapco's current feedstock, with the aim to maximize the value related to Qapco's existing processes.
Through collaboration with local and international partnerships, Qapco's R&D team is digging deep into the potential applications for its petrochemical products now and into the future.
Dr Mohammed Yousef Al Mulla, Vice-Chairman and CEO of Qapco said: "Joint industry-academia R&D, such as our collaboration with Materia and Texas A&M at Qatar, is very promising and paves the way to infinite possibilities while supporting the growth of Qatar's knowledge-based economy."
Dr Michael A Giardello, Materia's President, CEO & CTO said: "This envisioned collaboration should enable Qapco to extract greater value from some of its by-product streams, therefore unlocking greater value from Qatar's natural resources thanks to Materia's unique and advanced technologies."
Qapco uses partnerships with universities such as Texas A&M University at Qatar, as the launching point for its research activities.