Dubai-based investor, Quazar Investment, recently signed an official memorandum of understanding (MOU) with Graphene Innovations Manchester (GIM). This start-up run by Manchester University has signed the MOU to work together to creating a United Arab Emirates (UAE) enterprise that can develop and manufacture premium, sustainable and environmentally friendly building materials using advanced 2D fabrications.
The new venture aims to have a significant impact on international CO2 emissions while helping to reduce other types of global pollution. The agreement is comprehensive and is comprised of both collaborative and exclusive arrangements.
This newly formed business will invest more than $1 billion to research, develop and mass produce a wide selection of graphene-based products. Graphene was originally isolated by two scientists from The University of Manchester in 2004, who were later awarded the Nobel Prize for their work in 2010. Exceptionally strong, it is also electrically and thermally conductive.
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Planned products include GIM Concrete, an innovative building material that is made from recycled materials and uses no water or cement. Also, GIM Smart Clothing will provide protective apparel that proactively cools workwear and improves the comfort of employees operating environments with extremely high temperatures.
