Inovartic Investment Lanka, a joint venture between Inovartic Investment LLC and Apex Asia Holdings, has successfully acquired advanced nano-technology to convert graphite-based oil adsorption materials into globally viable solutions. This significant milestone agreement, supported by Abu Dhabi University and the Abu Dhabi Department of Economic Development (ADDED), aims to advance environmental sustainability and drive industrial innovation.
Inovartic Investment Lanka Chairman Saif Al Darmaki stated: “This technology highlights Sri Lanka’s R&D capabilities. Our collaboration with SLINTEC and Abu Dhabi University is crucial to bringing this innovation to life and driving impactful change. This partnership bridges the gap between research and real-world applications, showcasing our commitment to sustainability and technological advancement.”
Apex Asia Holdings Chairman and Inovartic Investment Lanka Co-Founder/Partner Shawn Gajasinghe emphasized, “This agreement strengthens our role as a hub for cutting-edge research and reinforces our commitment to fostering innovation for global benefit. By utilizing advanced technology, we aim to tackle global environmental challenges and position both nations as leaders in sustainable technology.”
A dedicated production facility is set to become operational within six months, enabling large-scale manufacturing of the graphite-based material. This will primarily target critical sectors such as oil spill management and waste recovery. Abu Dhabi University will play a key role in enhancing the material’s performance and exploring new industrial applications through its Graphene Centre, fostering innovation in material science.
Inovartic Investment Lanka Co-Founder and Partner Daham Arangalla commented on the agreement, stating: “By showcasing Sri Lanka’s natural and human resources on a global platform, we are unlocking significant potential. Combining Sri Lankan graphite with SLINTEC’s expertise, Abu Dhabi University’s research capabilities, and Inovartic’s investment, we aim to elevate the industry and strengthen Sri Lanka’s position in international markets.”
The partnership also focuses on capacity building by empowering emerging talent through collaborative programmes and hands-on learning opportunities. The reusable and cost-effective nature of the technology aligns with the UAE’s industrial vision and Sri Lanka’s emphasis on R&D commercialisation, driving long-term sustainability goals.
This agreement underscores the transformative potential of combining Sri Lanka’s resource and mineral base with the UAE’s industrial advancement initiatives. The involvement of Abu Dhabi University and SLINTEC ensures a robust foundation for academic and industrial collaboration, positioning both nations as pioneers in advanced material technologies and sustainable development.