ARMINES is a non-for-profit research organisation funded in 1967. The relationship of Armines with the engineering and management schools is governed by agreements, under the supervision of the Ministries of Industry, Defence and Equipment. In line with the nature of partnership research, the operational unit is the joint research centre managed jointly by ARMINES and its partner engineering schools where each body provides personnel, investment and operating resources according to the volume of contractual activity. With a turnover of 48.3 million (2010), ARMINES is one of the leading French Research and Technology Organisation. ARMINES participates in this project with two research centres of MINES ParisTech, the Centre for Energy & Processes (CEP) and the Centre for Industrial Economy (CERNA) as well as with the Research Centre for Industrial Management, Systems Engineering and Information Technology (STFAY) of the Institut Fayol of Ecole des Mines de Saint Etienne.