Dana Gas and Levidian sign MoU to develop UAE graphene production in Sharjah | premargin
Dana Gas and Levidian sign MoU to develop UAE graphene production in Sharjah
·ADX·General Disclosure | General Press Release·May 6, 2026·View on exchange
AI Summary
Dana Gas and Levidian signed a Memorandum of Understanding (MoU) to develop the Sharjah Graphene Park, an initiative for industrial-scale graphene production and commercialization in the UAE.
The project’s initial phase targets a production capacity of approximately 15 tonnes of graphene per annum using LOOP technology to crack methane into hydrogen and high-quality graphene.
Indicative investment is estimated at $2 million to $5 million for the first phase, scaling to $5 million to $50 million for early expansion, with the potential to exceed $50 million based on market demand.
The agreement aims to localize the manufacturing of LOOP systems and support regional supply for sectors including construction, polymers, coatings, and energy.
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