SLINTEC signs graphene-based technology transfer agreement with Inovartic Abu Dhabi

The Sri Lanka Institute of Nanotechnology (SLINTEC) recently unveiled a revolutionary development and delivery of a groundbreaking oil-absorbing material based on graphene, designed to tackle large-scale oil spills with unprecedented efficiency.

Developed in Sri Lanka and now set to be deployed in collaboration with Inovartic of UAE and a major oil services company in the UAE, this innovation marks a significant milestone in sustainable marine environmental protection.

The global ocean cleaning industry is valued at a staggering US$ 172 billion, driven by the increasing need to address large-scale oil spills and their devastating environmental impact. Graphene, has been tailored by SLINTEC scientists to create a material that not only absorbs oil efficiently but also addresses the shortcomings of current solutions.

This pioneering technology by SLINTEC is reusable, non-toxic and environmentally friendly, ensuring no negative impact on marine life. With its superior oil absorption capabilities, this breakthrough solution is a highly effective tool to address the severe consequences of oil spills.

SLINTEC’s innovation stems from the utilisation of Sri Lanka’s premium graphite resources, renowned for their high quality. Commenting on SLINTEC’s latest innovation, SLINTEC CEO Dr. Thushara Perera stated: “This agreement signifies the transformative power of partnerships in creating impactful solutions. This partnership with Inovartic Investments will help SLINTEC to support grassroots-level innovators in Sri Lanka, supporting the new Government’s plan to foster innovation into productive outcomes and partnerships to enter global markets.”

SLINTEC Chairman Thilan Wijesinghe since 2022, stated; “With the proposed establishment of the Graphene Centre at the Abu Dhabi University (ADU) Innovation Centre, SLINTEC will enhance its capabilities of taking its robust pipeline of graphite-based innovations to the global market and earn export income from technology transfer fees, royalty and dividends.”

The recent signing of the oil spill technology transfer agreement between Wijesinghe and Saif Aldarmaki, Chairman of Inovartic is the beginning of a long-term collaboration to commercialize SLINTEC innovations within a global stage.

“Abu Dhabi provides a great ecosystem for taking innovations to the world with access to risk capital, linkages with global companies in the UAE and elsewhere and infrastructure.”

Source: Daily News