Aramco and Baker Hughes commence construction on non-metallics joint venture in Saudi Arabia

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Dec 08, 2020
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Aramco and Baker Hughes (NYSE:BKR, Financial) 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. A ceremony was held today at the project site to commence construction, which was attended by Aramco’s Senior Vice President for Technical Services Ahmad Al Sa’adi and Baker Hughes Chairman and CEO Lorenzo Simonelli.