RRT Global
History
History
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The company was founded in [St. Petersburg](/wiki/St._Petersburg "St. Petersburg") by chemical engineers Oleg Parputs () and Oleg Giiazov (), who had previously worked in an engineering company that served the oil refining sector. Startup financing was provided by Foresight Ventures, [Bright Capital](/wiki/Bright_Capital "Bright Capital") and the Skolkovo Foundation.

The first laboratory was established on the campus of the [Saint Petersburg State Institute of Technology](/wiki/Saint_Petersburg_State_Institute_of_Technology "Saint Petersburg State Institute of Technology"). The laboratory was unheated, which meant that researchers had to work there for 6–8 hours in padded jackets.

The company became a resident of the Energy Efficient Technologies cluster of the Skolkovo Foundation in 2011\. Douglas Harris, the former Vice President of Refining at BP and [TNK\-BP](/wiki/TNK-BP "TNK-BP"), became the company’s CEO in the same year. The company has patented the PRIS technology in Russia, Europe and the United States.

The [Prime Minister of the Russian Federation](/wiki/Prime_Minister_of_the_Russian_Federation "Prime Minister of the Russian Federation"), [Dmitry Medvedev](/wiki/Dmitry_Medvedev "Dmitry Medvedev"), met with the company’s management team in October 2011, and visited the company’s laboratory in September 2012 during his official visit to Saint Petersburg.

The company was rated one of the Top 10 Startups of the Year in 2012 by the Russian Startup Rating.

After conducting a company audit in 2012, [PricewaterhouseCoopers](/wiki/PricewaterhouseCoopers "PricewaterhouseCoopers") awarded the company an AAA rating.

In 2015\-2016 RRT Global formed technology alliances with American engineering company [KBR](/wiki/KBR_%28company%29 "KBR (company)") and Russian IT company [Yandex](/wiki/Yandex "Yandex").


What is the significance of PricewaterhouseCoopers' AAA rating for RRT Global?