Abu Dhabi: 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.
According to Emirates News Agency, the 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 aim 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 an essential component of the UAE's core framework for eco-friendly economic growth and environmental protection, underscoring the nation's dedication to a greener tomorrow.
Mohammad Mahfouz, Chief Executive of Innovest, emphasized the company's commitment to shaping the future through transformative, sustainable technologies. He stated that the partnership with OXON Technologies aims to introduce OXONtech, which demonstrates a commitment to clean energy, industrial growth, and environmental impact, positioning the UAE at the forefront of green fuel solutions.
Andrew Lowenstein, Chief Executive of OXON Technologies, expressed excitement over this new step, highlighting the partnership as a testament to their shared vision of sustainable economic growth, technological innovation, and global leadership in environmental responsibility.
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.