Materia and QAPCO sign MoU to study the development of next generation of materials by focusing on R&D | Materia and QAPCO sign MoU to study the development of next generation of materials by focusing on R&D -
Materia and QAPCO signing MoU to study the development of next generation of materials by focusing on R&D.

Materia and QAPCO sign MoU to study the development of next generation of materials by focusing on R&D

: Saturday, May 31 - 2014 @ 16:48

As Qatar continues to grow its energy and industrial sectors, and attempts to further optimize its hydrocarbon resources utilization, 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. (Materia) and Qatar Petrochemical Company (QAPCO) have forged a partnership, through a Memorandum of Understanding (MoU), to further reinforce their collaborative R&D 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 specializes in efficient feedstock utilization and the extraction of specific petrochemical and chemical compounds thanks to its unique and innovative technology. Together, they will explore the possibilities to further optimize 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.

Sustainability oriented research is part of QAPCO’s commitment to improve both the impact of its processes, by focusing on the optimum use of feedstock, and of its products, by generating new applications. 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 stated: “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. Collaborating with some of the world’s leading experts on research projects focusing on olefins, polymers and petrochemicals has the potential to add further value to our feedstock, which could be strongly beneficial for QAPCO and ultimately for the hydrocarbon resources of the State.”

Dr. Michael A. Giardello, Materia’s President, CEO & CTO stated: “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 focused partnerships with Qatar’s most prominent universities such as Texas A&M University at Qatar, as the launching point for its research activities. Most recently, QAPCO supported the establishment of an endowed chair position at Texas A&M at Qatar for Polymer Science and Polymer Engineering. Nobel Prize winning chemist Professor Robert H. Grubbs, Victor and Elizabeth Atkins Professor of Chemistry at the California Institute of Technology, helped found Materia in 1998. “It is exciting to be part of a collaboration involving Materia, QAPCO, and Texas A&M at Qatar to develop the next generation of materials and products from Qatar-based feedstocks. This program will allow fundamental discoveries to be rapidly converted into new commercial products,” stated Professor Grubbs.

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Saturday, May 31- 2014 @ 16:48 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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