Saudi Basic Industries Corporation (SABIC) has launched a new program intended to help develop electric vehicle technology, with a focus on battery performance.
The Bluehero program, which began on Tuesday, will involve a global team of engineers and researchers who will work to overcome limitations in electric vehicle battery technology, the company said in a press statement.
SABIC will use its technologically advanced thermoplastics to improve battery performance.
The materials offer advantages over the metals conventionally used in electric vehicles by reducing overall weight.
Bluehero also leverages the company’s knowledge of large part molding, compression molding, advanced injection molding, and polymer flame interaction.
SABIC said it anticipates expanding the Bluehero program to help develop energy storage, charging infrastructure, and other related sectors.
“With our strategic Bluehero initiative, we have vigorously committed to invest in, develop and deliver material solutions that can support the transition to electric power, drive down emissions and help address climate change,” said Abdulrahman al-Fageeh, SABIC’s Executive Vice President for Petrochemicals.
“Our decision to initially focus on automotive reflects the urgency of making progress in that space and the strengths we already have with established materials and capabilities that can allow us to support the shift to electric vehicles and contribute to a low carbon future.”
SABIC first quarter profit up 33 pct on higher prices, volumesSaudi Basic Industries Corp (SABIC), one of the world’s biggest petrochemicals firms, said on Thursday its first quarter net profit rose 33 percent ... Energy
Saudi Arabia’s SABIC acquires 50 percent stake in Scientific DesignSaudi Arabia’s SABIC has acquired a 50 percent stake in Scientific Design, a leading licensor of high-performance process technologies and catalysts ... Economy
UK PM Boris Johnson visits Saudi Arabia’s SABIC plant in sign of strong business tiesUK Prime Minister Boris Johnson toured the SABIC Plastics Application Development Center during an official visit to Saudi Arabia on Wednesday, ... Gulf