Aramco, mCloud to develop ESG and digitisation hub

mCloud Technologies, a global provider of AI-powered asset management and ESG solutions, said January 25 it had signed a memorandum of understanding (MOU) with Aramco to develop an ESG and digitisation hub in Saudi Arabia.

A team of ESG and digital transformation experts will be based in Saudi Arabia and will leverage a recently announced cloud partnership with Saudi-based Virtual Vision to deploy ESG applications in the Kingdom.

Targeted application areas include 3D digital twins, AI solutions for asset performance management, visual inspection to drive asset reliability and asset integrity, fugitive gas and leak detection, mobile-connected work, and digital facility management.

"This MOU with Aramco is the largest, most ambitious agreement signed by mCloud to date and is the basis for tremendous growth and innovation," said Russ McMeekin, mCloud CEO. "As the world's largest integrated energy and chemicals company, Aramco is driving the digitalisation of oil and gas and the adoption of advanced technologies to decarbonise and drive positive ESG outcomes."

The hub will allow Aramco and mCloud to jointly develop AI-powered innovations for carbon reduction of complex energy-intensive assets throughout the Kingdom and abroad.