Pasqal, a developer of neutral atom-based quantum technology, has signed an agreement with ARAMCO, a globally integrated energy, and chemicals company in developing a quantum computing application that can be useful for the energy industry. Part of their project development is to speed up the creation and development of quantum-based machine learning models, identify and advance new applications of the technology.
Quantum computing can help with network optimization and administration, reaction network generation, and refinery linear programming, among other issues in the oil and gas industry. The two businesses intend to look for methods to collaborate and grow the quantum information sciences ecosystem in Saudi Arabia. Moreover, the collaboration will also cover quantum computing and artificial intelligence applications in these fields.
This is a very promising initiative for Pasqal and a perfect opportunity for us to show not only the energy sector, but the entire world, what our technology can do.
It further confirms that our neutral atom technology is one of the most promising in the world.
Georges-Olivier Reymond, CEO of Pasqal
Pasqal will provide its quantum expertise as well as its platform to the initiative in order to explore new use cases. As part of their combined efforts, the firms will look into the feasibility and benefits of supplementing Aramco’s training programs with Pasqal’s quantum technology.
ARAMCO, for one, is concentrating on pioneering the use of quantum computing in the energy sector, placing itself as an early beneficiary of quantum superiority over traditional computers. Pasqal intends to open offices throughout the Middle East and expand its company in Saudi Arabia and throughout the region.
