Last updateFri, 15 Jan 2021 5pm

End-User News

Baker Hughes and Aramco Form Joint Venture in Saudi Arabia

Aramco and Baker Hughes have announced the formation of Novel, a 50/50 Joint Venture (JV) to develop and commercialize a broad range of non-metallic products for multiple applications in the energy sector.

Both companies signed a memorandum of understanding to create a non-metallics JV in July 2019. Novel’s new facility is being developed at King Salman Energy Park (SPARK), in Saudi Arabia’s Eastern Province. SPARK is a 50-square-kilometer energy city megaproject. Initially, the facility will produce onshore non-metallic pipelines – including reinforced thermoplastic pipes – from composite materials.

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