UAE’s Quazar forms new graphene-manufacturing JV: The UAE’s QuazarInvestment Company and UK-based Graphene Innovations Manchester (GIM) have signed an agreement to establish a UAE-based JV to develop and produce a wide range of graphene-based products, according to a statement. The JV aims to invest USD 1 bn in the development and manufacturing of their products, which include graphene-based concrete and hydrogen storage vessels. The timeline for the company launch is yet to be announced.

More about the products: Unlike conventional concrete, Graphene’s GIM Concrete eliminates the use of cement — one of the biggest sources of industrial air pollution — as well as water, according to the statement. GIM Concrete is 30% lighter than traditional concrete and 4x better at resisting heavy loads, curing in two to four hours. The company’s hydrogen storage vessels can safely contain up to 35% more hydrogen, while at the same time having lighter, more durable and impermeable properties.

About Quazar: Quazar is a private equity firm that invests in both private and public sector companies in a diverse range of UAE industries, including technology, energy, oil & gas, agriculture, and water.

About GIM: Graphene Innovations specializes in designing graphene-based compounds and production systems at a commercialized scale to be used in sustainable initiatives such as rubber tire upcycling.

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