Innovest Holding, OXON Technologies forge strategic partnership to power UAE's clean energy future
ABU DHABI (WAM) Innovest Holding LLC, a leading sustainable technologies investment firm based in Abu Dhabi, today announced a landmark strategic partnership with Nevada-based energy solutions innovator OXON Technologies. This collaboration marks a significant step forward in pioneering the next generation of green fuels and accelerating the transition to a cleaner energy landscape in the UAE and beyond.At its heart, this partnership is driven by a shared vision: to bridge the critical global gap for environmentally-friendly fuel alternatives. By joining forces, Innovest and OXON Technologies are poised to make substantial progress towards achieving the UAE's ambitious environmental goals, demonstrating a tangible commitment to a more sustainable future.The newly formed entity will focus on leveraging advanced technology to promote responsible energy use and achieve radical reductions in carbon dioxide emissions.This project is not just an initiative; it's an essential component of the UAE's core framework for eco-friendly economic growth and environmental protection – a testament to the nation's dedication to a greener tomorrow.'At Innovest, we believe in shaping the future through transformative, sustainable technologies', Mohammad Mahfouz, Chief Executive of Innovest, said. 'Our partnership with OXON Technologies to introduce OXONtech demonstrates commitment to clean energy, industrial growth, and environmental impact, aiming to position the UAE at the forefront of green fuel solutions,' he added.'OXON Technologies welcomes this exciting next step in our two years of development and technology testing and with our UAE partners. This partnership is a testament to our shared vision of sustainable economic growth, technological innovation, and global leadership in environmental responsibility', Chief Executive of OXON™ Technologies, Andrew Lowenstein said.
Looking ahead, Innovest is eager to collaborate with leaders in the refinery industry. This project is driven by a profound desire to decelerate climate change, promote sustainable development, and safeguard the energy future for the generations to come. Innovest and OXON™ Technologies are excited to embark on this journey together, paving the way for a brighter, greener future for the UAE and the world.
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