OSP (Oil Sustainability Program) signed a Memorandum of Understanding (MoU) with Hyundai Motor Company in Seoul, South Korea, marking a significant step towards strengthening innovation in the transportation sector and promoting the adoption of advanced, environmentally friendly technological mobility solutions.
The MoU outlines the development of advanced automotive technologies, including enhancements to hybrid powertrain systems, internal combustion engine (ICE) technologies, and emission aftertreatment systems (EAS), with the aim of improving fuel efficiency and reducing emissions. The MoU also includes supporting innovations that enable the building of a sustainable mobility ecosystem that contributes to quality of life.
The collaboration supports the Kingdom of Saudi Arabia’s broader environmental vision through the deployment of advanced technologies and innovations in the transportation sector, while advocating for effective practices across different mobility solutions to help reach net zero ambitions. It also reflects the shared commitment of both countries to push boundaries of innovation and advance more efficient and sustainable mobility solutions.
