Saudi Gazette - Tasnee plans major stake in Dyesol

Saudi Gazette - Tasnee plans major stake in Dyesol:

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Saudi Arabian industrial giant Tasnee (National Industrialization Company of Saudi Arabia) said Monday it has completed due diligence on a further $16 million strategic investment in Australia’s Dyesol, one of the world’s leading developer of dye solar cell technologies that can applied on buildings and rooftops to generate electricity.

Tasnee  is the second largest industrial company in Saudi Arabia, and the second largest producer of titanium oxide in the world. It also owns several titanium mines in Australia.

Dyesol technology creates “artificial photosynthesis” using a layer of nano-titania on glass, metal or polymer. The light that hits the layer excited electrons, which is absorbed by titania and converted into an electric current."

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