Saudi Aramco and Korea Advanced Institute of Science and Technology announced they will establish a CO2 Research Center to jointly collaborate in research and development of innovative technologies and solutions to address the world's energy challenges. The research center, jointly managed by Saudi Aramco and KAIST, will foster and facilitate the research and development of innovative technologies and solutions, conversion of CO2 into useful products, and develop efficiency improvements in its focus areas of research. A joint working group comprising of scientists, experts and professionals from KAIST and Saudi Aramco will oversee the establishment and operations of the Saudi Aramco-KAIST CO2 Research Center and the agreement provides the framework for the group to share carbon management technologies, establish exchange programs and conduct joint projects.