The study notes that Versarien, the global market leader for graphene, has signed a non-binding LOI with Shandong Institute of Industrial Technology, Jinan Innovation Zone Management Committee and Jinan Qingna Materials Technology Co. Ltd., The establishment of "Sino-British Jinan Graphene Industrial Park." The total project cost is estimated at about 55 million pounds.
Driven by Versarien's message, the global bulk and specialty chemicals industries that are about to set up their graphene production facilities in China have gained traction in recent years, and trading prices have risen 32.7% -23.35% during the announcement.
According to the sources, the project's initial goal was to establish a 100,000-square-foot facility that will be able to produce and market Versarien's advanced graphene-based products (such as Versarien's Nanene layers of graphene nanoplatelets)
In this move industry experts speculate that the joint venture will have a significant impact on the share of the graphene industry in the region.It further shows that with the growing demand for automotive and electronic products, China is rich in graphite deposits, prompting the regional graphene industry Businesses adopt attractive growth strategies to meet the rising demand for their products.
According to sources, Versarien expects to provide its intellectual property (IP) and manufacturing knowledge in an authorized manner, while other business partners will provide the factory with factories and capital.
It is reported that after the completion of the initial goal of establishing a base of 100,000 square feet, the company will enter the second phase of the goal, namely the establishment of the "Graphene Institute of Jinan Graphene Valley," through Jinan Graphene Valley, the company will further Paving the way for the establishment of a world-class base in the Asia Pacific region.