(FINNBAY) – Kuwait City, 23 April 2014. Technical Research Centre of Finland (VTT) and the Kuwait Institute for Scientific Research (KISR) have signed a five-year partnership to deepen relations in the study of materials related to oil refining in Kuwait.
The cooperation also includes new areas such as environmental technology, energy efficiency, as well as industrial biotechnology. Based on a 5-year contract, VTT and KISR will intensify their cooperation to develop a process for demanding industrial applications.
“VTT aims to expand its reach to new regions,” says the Executive Vice President Jouko Suokas.
In a previous study, VTT noted the importance of Kuwait of its oil-wealth, “The Middle East is however a very heterogeneous group and the more wealthy oil-exporting countries, notably Saudi Arabia, Emirates, Kuwait and Qatar, constitute a relatively large share of both oil production and GDP in the region but only a small share of population, thus distorting the comparison between wealth and mitigation costs for Middle East.”
In addition, the KISR seeks to receive know-how of commercializing research and development. The agreement will also contribute to inter-organizational co-operation projects and the exchange of researchers.