Sparc and Levidian Sign MoU for Middle East Ecosparc Commercialization
Key points
- Sparc and Levidian Nanosystems enter MoU for ecosparc® commercialization
- Levidian to supply graphene for Sparc's ecosparc® coatings
- Aim to establish joint agreement within 12 months, local manufacturing in 24 months
- Target Middle East market for enhanced protective coatings
Full summary
Sparc Technologies Limited has announced the execution of a memorandum of understanding (MoU) with Levidian Nanosystems Limited to collaborate on the development, production, and commercialization of ecosparc®, a graphene-enhanced protective coating, in the GCC region. Levidian, a UK-based graphene producer, will supply graphene for Sparc's ecosparc® formulations, with plans to establish a joint development or commercial supply agreement within 12 months and investigate local manufacturing in the UAE within 24 months. The partnership aims to capitalize on the growing Middle East market for protective coatings, estimated to exceed 200 million liters by 2030.
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