Tahlia Signs Two Memorandums Of Understanding With The Korean Companies ‘Taekyong' And ‘DL'

Today, Sunday, the Saline Water Conversion Corporation signed two memorandums of understanding with the two Korean companies DL E&C and Taekkyung, to enhance the prospects for strategic cooperation in the scientific, cognitive and advisory fields, and to exchange experiences, studies, innovations and their applications, in order to explore and develop opportunities for growth and prosperity and adopt flexible options and solutions that help accelerate. The pace of growth in renewable energy solutions, which will achieve common future goals and aspirations.

The signing took place on the sidelines of the Saudi-Korean Investment Forum 2023, organized by the Ministry of Investment at the Fairmont Hotel in Riyadh, in the presence of a number of international experts concerned with researching and developing investment relations between the two countries. It was signed by the Deputy Governor for Research and Innovative Projects, Engineer Tariq Al-Ghafari, on behalf of Al-Tahlia. Korean Takyong Group CEO Kim Hyron, while Sankhon Ryu, Vice President of Strategy, Planning and Nuclear Energy, signed for DL ​​E&C.

Under the first memorandum of understanding, “Desalination” and the Korean company DL E&C will work to enhance the benefit of solar energy solutions as a new source of carbon-free energy, in addition to conducting joint studies and research on the green hydrogen and ammonia production model, and promoting a sustainable and environmentally friendly hydrogen economy to benefit from renewable energy sources in the country. Generating additional value in production systems, which allows the development of more sustainable, high-quality and reliable water desalination methods, and enhances hydrogen’s pivotal role in moving the desalination industry and its sectors towards a low-carbon world and increasing its contribution to reducing the effects of climate change.

While the cooperation between “Desalination” and Taekyong Company will focus on developing research into technologies for using seawater and salt water to produce and extract valuable materials and use and store carbon, in addition to adopting strategies to accelerate and innovate solutions for technologies for precipitated calcium carbonate and magnesium salts in their various forms. The partnership also includes a commitment to commercial marketing of advanced technologies. And the exchange of intellectual property. This exchange is expected to enhance the capabilities of both parties to innovate and accelerate the pace of developing advanced solutions to address the pressing global challenges related to the future of the water desalination industry.

About ​​The Saline Water Conversion Corporation
​​The Saline Water Conversion Corporation is a Saudi governmental institution concerned with desalinating seawater and delivering produced desalinated water to various regions of the Kingdom of Saudi Arabia. It was established by Royal Decree No. M/49 on 8/20/1394 AH corresponding to 9/7/1974 AD as an independent governmental institution. Having a legal personality.