A spin-out company from the graphene innovation ecosystem at The University of Manchester has formed an international partnership that will spearhead an unprecedented scale-up of graphene-based technologies intended “to make a substantial impact on global CO2 emissions”.
UK-based Graphene Innovations Manchester (GIM), founded by University graduate Dr Vivek Koncherry, has signed a Memorandum of Understanding (MoU) with Quazar Investment Company to create a new company in the UAE. This UK-UAE partnership - which highlights potential opportunity for UK innovators to access global investment and international markets and supply chains - will be one of the most ambitious projects to date to commercialize graphene as it fast-tracks cutting-edge R&D into large-scale manufacture – an investment vision worth a total of $1billion.
The new venture will develop and produce environmentally-friendly products using advanced 2D materials, including breakthrough graphene-enhanced concrete that does not need cement or water and can be made using recycled materials.
“We are proud to be associated with Quazar so that we can assemble a powerful world-class team to provide us the opportunity to massively deploy our graphene-based technologies", said Dr. Vivek Koncherry, CEO of Graphene Innovations Manchester.
Waleed Al Ali, CEO of Quazar, who will be active in helping bring the new company to successful, large-scale commercialization, said: "The new graphene company will take a global lead in making environmentally friendly concrete and other products. We are glad that Quazar can play an active role in helping fulfil the UAE's His Highness Sheikh Saeed Bin Hamdan Bin Mohamed Al Nahyan's support for the UAE Vision 2030”.
James Baker, CEO of Graphene@Manchester, added: “This agreement with our GEIC partner Graphene Innovations Manchester and Quazar is a seminal moment for the commercialization of graphene as it demonstrates huge confidence in the potential for this advanced material to help lead our transition into a net zero world.
“It is also a very proud moment for the Graphene@Manchester community as it confirms that our innovation ecosystem is providing exactly the right platform to nurture pioneering R&D into graphene and other 2D materials that is world-class... Manchester is known as the ‘home of graphene’ – but increasingly, it’s also being recognized as the home to its commercialization potential. We are therefore able to form international partnerships, such as those in the UAE, based on this reputation; and from this position of strength we can place our city-region and the UK more generally into graphene’s global economy. As Greater Manchester further develops its innovation and manufacturing potential – all underpinned with the University’s leadership in advanced materials - this city-regional will have great opportunities with access to international supply chains, foreign investment and global markets.”
As part of this ambition a new ‘Sustainable Materials Translational Research Center’ is set to be created by the multi-million pound Greater Manchester Innovation Accelerator program. The new center is a partnership with the University’s Graphene Engineering Innovation Centre, the Henry Royce Institute, the High Value Manufacturing Catapult, and Rochdale Development Agency, and aims to connect local businesses to national opportunities, all underpinned with outstanding materials research.