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Tech firm Inovartic Investment has signed an MoU with the Abu Dhabi Department of Economic Development to establish a graphene factory in the emirate, according to a press release. The facility will also produce graphene-supported products needed for biotechnology and environmental conservation industries. No financial details or timeline for the project were revealed.
Uh, Enterprise, what is graphene? Graphene is a monolayer structure of carbon atoms, which is used in several industries, including the manufacturing of electronics, semiconductors, batteries, and solar panels.
About Inovartic Investment: It is a UAE-based investment firm focused on technological and financial advancements across the Middle East. The firm invests in sectors such as next-generation mobility, fintech, cybersecurity and AI.
Graphene is making appearances regionally: British climate tech firm Levidian intends to establish a manufacturing center in Abu Dhabi for its patented Loop technology, which can help decarbonize hard-to-abate industries by capturing carbon from methane and producing clean hydrogen and high-quality graphene. The Abu Dhabi Waste Management Company (Tadweer), Masdar City, the UAE Energy and Infrastructure Ministry, and GIGA Graphene Technologies also partnered to develop graphene-enhanced concrete made with recycled plastic in the UAE last year.
