{"id":88529,"date":"2024-12-10T00:00:00","date_gmt":"2024-12-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/10\/the-uk-and-saudi-arabia-strengthen-cooperation-on-green-manufacturing\/"},"modified":"2024-12-10T00:00:00","modified_gmt":"2024-12-10T00:00:00","slug":"the-uk-and-saudi-arabia-strengthen-cooperation-on-green-manufacturing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/10\/the-uk-and-saudi-arabia-strengthen-cooperation-on-green-manufacturing\/","title":{"rendered":"The UK and Saudi Arabia strengthen cooperation on green manufacturing"},"content":{"rendered":"

British PM Keir Starmer started a week-long <\/strong>trip to the Gulf on Sunday<\/strong> to <\/strong>attract investment from the UAE and Saudi Arabia into the UK<\/strong>, according to a government statement<\/a>. Starmer met with Saudi officials yesterday and expanded in detail on two green partnerships in the works worth GBP mns in green investments. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

#1- UK\u2019s GIM to launch graphene-enriched carbon fiber plant in KSA: <\/strong>The UK government announced that Graphene Innovations Manchester<\/a> (GIM )<\/a> will collaborate with Saudi Arabia\u2019s Neom to develop the world\u2019s first commercial production plant of graphene-enriched carbon fiber, a material with lower environmental impact<\/a> and higher recyclability than alternatives like fiberglass. Graphene is used in green applications, such as solar panels and battery storage. The UK government aims for the project to attract GBP 250 mn of investment for research and innovation in Greater Manchester through the project and expects it to create over 1k jobs. Producing the material at scale has the potential \u201cto change every aspect of our lives,\u201d GIM chief executive Vivek Koncherry told the BBC<\/a>.<\/p>\n

GIM has a presence in UAE too: <\/strong>The Abu Dhabi Waste Management Company, Masdar City, the UAE Energy and Infrastructure Ministry, and GIGA Graphene Technologies partnered to develop GIM concrete in the UAE in December 2023<\/a>. Earlier in May of 2013, the company signed an agreement with UAE\u2019s Quazar Investment Company to establish a UAE-based JV<\/a> that they said targets investments of USD 1 bn in the development and manufacturing of their products, which include graphene-based concrete and hydrogen storage vessels. The company\u2019s graphene-enhanced, low-carbon concrete \u2014 made with recycled plastic and not requiring fresh water \u2014 would be used for bricks, pavers, and tiles in the UAE\u2019s construction industry.<\/p>\n

#2- Hycap is joining in, too: <\/strong>British green hydrogen-focused private equity fund Hycap<\/a> is investing GBP 785 mn in hydrogen mobility developments in Northern Ireland and the UK in a bid to support Saudi Arabia\u2019s hydrogen mobility, the statement added. The project \u2014 expected to offset over 25 mn tons of transport-related emissions \u2014 will produce hydrogen buses, trucks, and other hydrogen production and distribution products.<\/p>\n

ICYMI- The company is working on a green hydrogen-focused renewable energy <\/strong>industrial complex<\/a><\/strong> in Abu Dhabi<\/strong>, the Abu Dhabi Department of Economic Development announced last February. Hycap set up its first international office in the region last year to advance plans<\/a> to invest in companies with net zero strategies and capitalize on MENA\u2019s green hydrogen potential and Saudi Arabia\u2019s commitment to mobilize USD 36 bn toward the sector by 2030.<\/p>\n

#3- And a joint hydrogen research center: <\/strong>The two countries are also working on establishing The Joint International Institute for Clean Hydrogen, which will be backed by universities in both countries, including Newcastle University. A UK university delegation is set to visit Saudi in the next months to seal the agreement, the statement said. <\/p>\n

REMEMBER- UK companies are investing in low-carbon ventures in KSA: <\/strong>Earlier this<\/a>month<\/a>, Aramco partnered with the UK\u2019s Carbon Clean (CC) and Samsung E&A to demonstrate CC\u2019s new carbon capture technology CycloneCC. In October, the UK industrial group Next Generation launched a joint venture<\/a> focused on low-carbon concrete production with Nizak Mining Company, backed by Saudi Arabia\u2019s City Cement. The JV is already planning a Riyadh factory, with a planned commercial production as soon as 3Q 2025 and a 350k ton targeted capacity in the first operational year, which could be doubled in the second year. <\/p>\n","protected":false},"excerpt":{"rendered":"

Starmer met with Saudi officials to discuss two partnerships worth GBP mns<\/p>\n","protected":false},"author":1,"featured_media":88530,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[61,11,151,159,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-diplomacy","tag-climate-diplomacy","tag-enterpriseclimate","tag-investment-watch","tag-saudi-arabia","tag-uae","wpautop","entry"],"acf":{"mongo_id":"523e35a4-b12c-45be-835e-1540e38543f1","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/900.jpg","photo_position":"above","homepage_title":"","full_issue_title":"The UK and Saudi Arabia strengthen cooperation on green manufacturing","related_issue":[88521],"teaser":"Starmer met with Saudi officials to discuss two partnerships worth GBP mns","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.bf59f169-380e-43f9-91af-cb7eb9ff018d.mp3"},"yoast_head":"\nThe UK and Saudi Arabia strengthen cooperation on green manufacturing - 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