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

Chung-Ang University researchers develop novel DNA biosensor for early diagnosis of cervical cancer: The electrochemical sensor, made of a graphitic nano-onion/molybdenum disulfide nanosheet composite, detects human papillomavirus (HPV)-16 and HPV-18, with high specificity September 8th, 2023

New compound unleashes the immune system on metastases September 8th, 2023

Machine learning contributes to better quantum error correction September 8th, 2023

Tests find no free-standing nanotubes released from tire tread wear September 8th, 2023

Graphene/ Graphite

Ribbons of graphene push the material’s potential: A new technique developed at Columbia offers a systematic evaluation of twist angle and strain in layered 2D materials August 11th, 2023

Two types of ultrafast mode-locking operations generation from an Er-doped fiber laser based on germanene nanosheets July 21st, 2023

Researchers put a new twist on graphite July 21st, 2023

Graphene-based Carbocatalysts: Synthesis, Properties, and Applications—Beyond Boundaries June 9th, 2023

Possible Futures

Chung-Ang University researchers develop novel DNA biosensor for early diagnosis of cervical cancer: The electrochemical sensor, made of a graphitic nano-onion/molybdenum disulfide nanosheet composite, detects human papillomavirus (HPV)-16 and HPV-18, with high specificity September 8th, 2023

New compound unleashes the immune system on metastases September 8th, 2023

Machine learning contributes to better quantum error correction September 8th, 2023

Tests find no free-standing nanotubes released from tire tread wear September 8th, 2023

Announcements

Electronic detection of DNA nanoballs enables simple pathogen detection Peer-Reviewed Publication September 8th, 2023

Training quantum computers: physicists win prestigious IBM Award September 8th, 2023

Machine learning contributes to better quantum error correction September 8th, 2023

Tests find no free-standing nanotubes released from tire tread wear September 8th, 2023

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

Training quantum computers: physicists win prestigious IBM Award September 8th, 2023

The present and future of computing get a boost from new research July 21st, 2023

Optical switching at record speeds opens door for ultrafast, light-based electronics and computers: March 24th, 2023

Semiconductor lattice marries electrons and magnetic moments March 24th, 2023

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

Electronic detection of DNA nanoballs enables simple pathogen detection Peer-Reviewed Publication September 8th, 2023

Destroying the superconductivity in a kagome metal: Electronic control of quantum transitions in candidate material for future low-energy electronics March 3rd, 2023

Polymer p-doping improves perovskite solar cell stability January 20th, 2023

SLAC/Stanford researchers discover how a nano-chamber in the cell directs protein folding: The results challenge a 70-year-old theory of how proteins fold in our cells and have profound implications for treating diseases linked to protein misfolding December 9th, 2022

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