Sparc Technologies Signs MoU With Levidian to Commercialise ecosparc in Middle East
Key Takeaways
- Sparc Technologies has signed a non-exclusive MoU with Levidian Nanosystems to commercialise ecosparc® coatings across the GCC region, but no revenue, volume or pricing figures are disclosed.
- The parties aim to lock in a binding joint development or commercial supply agreement within 12 months, the first hard milestone to watch.
- UAE manufacturing of ecosparc® additives will be assessed within 24 months, subject to an agreed business case.
- Levidian brings graphene production at Sharjah Graphene Park with Dana Gas and access to major infrastructure owners and national oil operators.
- The Middle East protective and marine coatings market is estimated at more than 200ML by 2030 (Orr & Boss, 2025), larger than North America.
Sparc and Levidian sign MoU to commercialise ecosparc® in the Middle East
Sparc Technologies (ASX: SPN) has executed a memorandum of understanding (MoU) with Levidian Nanosystems Limited to commercialise ecosparc® enhanced protective coatings in the Middle East. The MoU covers the GCC region and follows Levidian supplying graphene for testing by Sparc within ecosparc® enhanced coatings.
An MoU is a framework for collaboration, not a supply contract. The announcement discloses no revenue, volume or pricing figures, so you should read this as a statement of intent rather than a sales win.
Key terms of the MoU include:
- A binding joint development or commercial supply agreement, which the parties aim to establish within 12 months
- Assessment of the feasibility of UAE manufacturing of ecosparc® additives within 24 months, subject to an agreed business case
- A non-exclusive structure
- A joint technical committee that will meet monthly
Nick O’Loughlin, Managing Director
“…Sparc is excited by the potential to establish this partnership as a means to accelerate the commercial adoption of its market-leading additive ecosparc® platform in the Middle East which is a significant market for protective coatings.”
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How does the partnership work?
Each party brings a different piece of the chain. Sparc handles the coatings side, while Levidian supplies the graphene and regional access.
Roles of each party
Sparc will develop ecosparc® formulations and conduct testing in its ISO-accredited laboratories. It will also work with coatings manufacturers and end users to progress qualification testing, field trials and product specification.
Levidian will supply graphene for formulation development and provide technical support. It will also facilitate access to major regional end users, including large infrastructure owners and national oil operators.
| Party | Role | Contribution |
|---|---|---|
| Sparc Technologies | Formulation and testing | Develops ecosparc® formulations, tests in ISO-accredited laboratories, works with coatings manufacturers and end users on qualification testing, field trials and product specification |
| Levidian Nanosystems | Graphene supply and market access | Supplies graphene for formulation development, provides technical support, facilitates access to major regional end users |
Joint commercial planning
The parties will jointly plan commercial arrangements, including market volumes, manufacturing and distribution, quality requirements, geographical scope and target pricing. The MoU also contains customary intellectual property and confidentiality protections, which are binding on both parties.
For investors, a shared route to regional end users could shorten the path to qualification and commercial uptake. That outcome is not guaranteed by the MoU.
Why do graphene-enhanced coatings and the Middle East matter?
Protective coatings shield steel and concrete assets from corrosion and wear. Sparc describes ecosparc® as a graphene additive that, at low dosages, significantly improves the performance of commercially available epoxy-based protective coatings.
Asset owners care because better-performing coatings can extend asset life. Levidian CEO Alex Holden noted that major infrastructure owners and industrial operators in the Middle East are increasingly looking for materials that improve performance and extend asset life.
The market is sizeable. The market for protective and marine coatings in the Middle East is estimated to be >200ML by 2030 (Source: Orr & Boss, 2025), which is greater than that of North America.
Levidian is a UK-based advanced materials company headquartered in Cambridge. Its patented LOOP technology uses microwave plasma to convert methane into graphene and a hydrogen-rich gas, and it has established graphene production in partnership with Dana Gas at the Sharjah Graphene Park.
Alex Holden, CEO, Levidian
“…We’re particularly excited by the potential to build a regional value chain, from graphene production through to formulated products and, ultimately, local manufacturing.”
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What does it mean for Sparc investors?
Sparc said the MoU is strategically significant because it marks a key milestone in advancing the company’s commercial roll-out of ecosparc® in the Middle East. It adds a partner with established relationships in the region.
Sparc has developed and commercialised ecosparc® and has commissioned a manufacturing facility to produce it. It is also engaging with global coatings companies and large asset owners on testing, trials and commercial partnerships.
The next steps outlined in the announcement are:
- Formulation development and testing with Levidian graphene
- Qualification testing and field trials with end users
- A binding joint development or commercial supply agreement, which the parties aim to establish within 12 months
- Assessment of UAE manufacturing feasibility within 24 months, subject to an agreed business case
Keep the scale in perspective. The MoU is non-exclusive, no financial terms are disclosed, and a binding agreement is a target rather than a certainty. The milestones to watch are whether that binding agreement arrives and whether the UAE business case stacks up.
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