An Austrian company is investing in a green biotechnology facility in Ras al Khaimah to support green hydrogen production and fish farming.
San Group has chosen Ras Al Khaimah Economic Zone (RAKEZ) as the platform for its green hydrogen and farming subsidiary San Enertech, a statement said.
The company will construct a sustainable hydrogen production unit and fish farming plant on a land plot in RAKEZ Al Hamra Industrial Zone.
The biotech facility will consist of a research centre, laboratory, desalination plant, green house as well as hydroponic and aquaponic indoor systems.
It will generate energy through solar power systems that serves as the source of electricity for all the buildings in the premises. This electricity will be used to produce green hydrogen.
“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,” said Erich Erber, founder and president of San Group.
“By utilising 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.”
Ramy Jallad, group CEO of RAKEZ, said: “Ras Al Khaimah strives to be at the forefront of sustainability in the region.”
The San Enertech facility will be fully operational by the end of 2022.
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