Nanotechnology Now

Our NanoNews Digest Sponsors
Heifer International



Home > Press > Manchester graphene spin-out signs $1billion game-changing deal to help tackle global sustainability challenges: Landmark deal for the commercialisation of graphene

Landmark $1billion signing: pictured is Dr Vivek Koncherry, CEO of Graphene Innovations Manchester (front, left), based in the Graphene Engineering Innovation Centre in Manchester, UK, signing a Memorandum of Understanding with Waleed Al Ali, CEO of Quazar Investment Company (UAE) (front, right), who will be active in helping to bring a new graphene company to successful, large-scale commercialisation.

CREDIT
Quazar Investment
Landmark $1billion signing: pictured is Dr Vivek Koncherry, CEO of Graphene Innovations Manchester (front, left), based in the Graphene Engineering Innovation Centre in Manchester, UK, signing a Memorandum of Understanding with Waleed Al Ali, CEO of Quazar Investment Company (UAE) (front, right), who will be active in helping to bring a new graphene company to successful, large-scale commercialisation. CREDIT Quazar Investment

Abstract:
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”.

Manchester graphene spin-out signs $1billion game-changing deal to help tackle global sustainability challenges: Landmark deal for the commercialisation of graphene

Manchester, UK | Posted on April 14th, 2023

UK-based Graphene Innovations Manchester Ltd (GIM), founded by University of Mancheser graduate Dr Vivek Koncherry, has signed a Memorandum of Understanding (MoU) with Quazar Investment Company to create a new company in the UAE. Graphene innovation has "

This agreement - which been hailed for its role in strengthening the relationship between the UK and UAE - will be one of the most ambitious projects to date to commercialise graphene as it fast-tracks cutting-edge R&D into large-scale manufacture – an investment vision worth a total of $1billion.

This new venture will develop and produce premium, 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.

Dr Vivek Koncherry, CEO of Graphene Innovations Manchester, based in Manchester’s Graphene Engineering Innovation Centre (GEIC), said: "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.”

Waleed Al Ali, CEO of Quazar, who will be active in helping bring the new company to successful, large-scale commercialisation, 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 added: “This agreement with our GEIC partner Graphene Innovations Manchester and Quazar is a seminal moment for the commercialisation 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 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 recognised as the home to its commercialisation 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.”

James Baker added: "Graphene innovation has again been hailed for its role in strengthening the relationship between the UK and UAE."

The international graphene innovation ecosystem based at The University of Manchester has recently been cited as an exemplar in attracting inward investment into the local regional economy – and therefore helping to boost the UK’s ‘levelling up’ agenda.

The spotlight comes in a report entitled, The role of universities in driving overseas investment into UK Research and Development published by universities think-tank the Higher Education Policy Institute (HEPI).

A strategic partnership that is highlighted is the ambitious agreement between the University and Abu Dhabi-based Khalifa University of Science and Technology which aims to deliver a funding boost for graphene innovation to develop new sustainable technologies. Attracting international funding to the North-West region of Britain is also helping the UK government level-up R&D spending across the nation.

####

For more information, please click here

Contacts:
James Tallentire
University of Manchester

Office: 07-532-282-824

Copyright © University of Manchester

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Virginia Tech physicists propose path to faster, more flexible robots: Virginia Tech physicists revealed a microscopic phenomenon that could greatly improve the performance of soft devices, such as agile flexible robots or microscopic capsules for drug delivery May 17th, 2024

Gene therapy relieves back pain, repairs damaged disc in mice: Study suggests nanocarriers loaded with DNA could replace opioids May 17th, 2024

Shedding light on perovskite hydrides using a new deposition technique: Researchers develop a methodology to grow single-crystal perovskite hydrides, enabling accurate hydride conductivity measurements May 17th, 2024

Oscillating paramagnetic Meissner effect and Berezinskii-Kosterlitz-Thouless transition in cuprate superconductor May 17th, 2024

Graphene/ Graphite

First human trial shows ‘wonder’ material can be developed safely: A revolutionary nanomaterial with huge potential to tackle multiple global challenges could be developed further without acute risk to human health, research suggests February 16th, 2024

NRL discovers two-dimensional waveguides February 16th, 2024

$900,000 awarded to optimize graphene energy harvesting devices: The WoodNext Foundation's commitment to U of A physicist Paul Thibado will be used to develop sensor systems compatible with six different power sources January 12th, 2024

First direct imaging of small noble gas clusters at room temperature: Novel opportunities in quantum technology and condensed matter physics opened by noble gas atoms confined between graphene layers January 12th, 2024

Possible Futures

Advances in priming B cell immunity against HIV pave the way to future HIV vaccines, shows quartet of new studies May 17th, 2024

International research team uses wavefunction matching to solve quantum many-body problems: New approach makes calculations with realistic interactions possible May 17th, 2024

Aston University researcher receives £1 million grant to revolutionize miniature optical devices May 17th, 2024

Gene therapy relieves back pain, repairs damaged disc in mice: Study suggests nanocarriers loaded with DNA could replace opioids May 17th, 2024

Announcements

Virginia Tech physicists propose path to faster, more flexible robots: Virginia Tech physicists revealed a microscopic phenomenon that could greatly improve the performance of soft devices, such as agile flexible robots or microscopic capsules for drug delivery May 17th, 2024

Diamond glitter: A play of colors with artificial DNA crystals May 17th, 2024

Finding quantum order in chaos May 17th, 2024

Oscillating paramagnetic Meissner effect and Berezinskii-Kosterlitz-Thouless transition in cuprate superconductor May 17th, 2024

Grants/Sponsored Research/Awards/Scholarships/Gifts/Contests/Honors/Records

Aston University researcher receives £1 million grant to revolutionize miniature optical devices May 17th, 2024

Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024

Chemical reactions can scramble quantum information as well as black holes April 5th, 2024

Discovery of new Li ion conductor unlocks new direction for sustainable batteries: University of Liverpool researchers have discovered a new solid material that rapidly conducts lithium ions February 16th, 2024

Alliances/Trade associations/Partnerships/Distributorships

Chicago Quantum Exchange welcomes six new partners highlighting quantum technology solutions, from Chicago and beyond September 23rd, 2022

CEA & Partners Present ‘Powerful Step Towards Industrialization’ Of Linear Si Quantum Dot Arrays Using FDSOI Material at VLSI Symposium: Invited paper reports 3-step characterization chain and resulting methodologies and metrics that accelerate learning, provide data on device pe June 17th, 2022

University of Illinois Chicago joins Brookhaven Lab's Quantum Center June 10th, 2022

University of Strathclyde and National University of Singapore to co-ordinate satellite quantum communications May 13th, 2022

Research partnerships

Gene therapy relieves back pain, repairs damaged disc in mice: Study suggests nanocarriers loaded with DNA could replace opioids May 17th, 2024

Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024

Researchers’ approach may protect quantum computers from attacks March 8th, 2024

How surface roughness influences the adhesion of soft materials: Research team discovers universal mechanism that leads to adhesion hysteresis in soft materials March 8th, 2024

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project