OSP, Hyundai Motor Sign MoU to Boost Sustainable Transport Innovation

The Oil Sustainability Program (OSP) signed a memorandum of understanding (MoU) with Hyundai Motor Company in Seoul, the capital of the Republic of Korea, aiming to accelerate innovation in the transportation sector and promote the adoption of environmentally friendly mobility solutions.
 The MoU includes the development of advanced vehicle technologies, such as enhanced hybrid powertrain systems, improvements to internal combustion engine (ICE) technologies, and innovations in emission treatment systems. These efforts aim to increase fuel efficiency and reduce environmental impact.
 The agreement also supports research initiatives designed to advance innovation, contribute to the development of a sustainable transportation system, and improve quality of life.
 This collaboration aligns with the goals of Saudi Vision 2030 to preserve the environment by supporting innovative technologies and effective practices within the transport sector. It reflects the shared commitment of both countries to delivering more efficient and sustainable mobility solutions.