Austria-based globally operating biotechnology company, SAN Group has revealed that it will invest $3.26 million to build its green hydrogen and farming subsidiary ‘SAN Enertech’ in the Ras Al Khaimah Economic Zone (RAKEZ).
The company will construct a fully integrated sustainable hydrogen production unit, plant, and fish farming on a land plot of 8,470 square meters (sq m) in RAKEZ Al Hamra Industrial Zone. The center is expected to be fully operational by the end of this year.
The biotech facility will consist of a research center, laboratory, desalination plant, greenhouse as well as hydroponic and aquaponic indoor systems. Solar energy will power all buildings at the premises and will also be used to produce green hydrogen.
Erich Erber Founder & President SAN Group
“Our new location in Ras Al Khaimah supports the long-term strategic goals of our company. When deciding where to invest, we gave paramount consideration to cost-effectiveness, the right environment, and ease of doing business, and with RAKEZ we found all the support we needed. SAN Enertech, as a commercial organization, seeks to collaborate with local scientists to jointly expand the know-how and experience in the field of self-sustained farming. By utilizing our fully integrated system, we want to demonstrate a concept and value that can be achieved even in climates that are unstable for agriculture, by providing fresh, home-grown food supplies for a growing population.”
“We are proud to welcome SAN Group with SAN Enertech to our ecosystem, which is home to an increasing number of companies that promote sustainable industrial practices. Ras Al Khaimah strives to be at the forefront of sustainability in the region and RAKEZ contributes to this by creating a nurturing environment for players in the sustainable sector,” Mr. Ramy Jallad, Group CEO of RAKEZ, remarked.
The countries across the Middle East and North Africa (MENA) region are pursuing plans to incorporate hydrogen into their energy mix and tap into the clean fuel for different industrial applications. The UAE is also looking to export hydrogen as demand for it increases globally amid the energy transition. It aims to capture 25 percent of the global hydrogen market share.
