Pasqal and ARAMCO Collaborate to Develop Quantum Computing Applications for the Energy Industry

RIYADH, March 9, 2022 – Pasqal, a developer of neutral atom-based quantum technology, and ARAMCO announced the signing of an MoU to collaborate on quantum computing capabilities and applications in the energy sector. Objectives include accelerating the design and development of quantum based machine learning models as well as identifying and advancing other use cases for the technology across the Saudi Aramco value chain. To that end, both companies plan to explore ways for collaborating and cultivating the quantum information sciences ecosystem in the Kingdom of Saudi Arabia. Quantum computing can be used to address a wide range of upstream, midstream and downstream challenges in the oil and gas industry including network optimization and management, reaction network generation and refinery linear programming. The collaboration will explore potential applications for quantum computing and artificial intelligence in these areas as well.