Dow Agrees to Fund Wastewater Treatment Start-up

Dow Chemical has agreed to fund Irish start-up OxyMem, a spin-off of University College of Dublin (UCD) with a pledge said to be worth millions of euros.

The fledgling company founded in 2013 by UCD chemists Eoin Syron and Eoin Casey has developed wastewater treatment technology claimed to cut the energy required for wastewater treatment by 75%.

According to the London newspaper Sunday Times, Dow is funding the business with loans that can be converted to equity in future.

OxyMem, which operates from Athlone, Co Westmeath, and has an office in the US, is said to have raised €2.5 million from private investors and Enterprise Ireland.

The company was among the 12 finalists in the Harvard Business School accelerator for topics relating to infrastructure management. Around 100 companies working in the field of efficiencies in water supplies across 20 different countries applied to the platform.

Special Issue

Circular Plastics Economy
Explore the Future of Plastics

Circular Plastics Economy

This special CHEManager issue explores the industry’s pivotal shift towards a more sustainable, circular plastics value chain. Readers will find expert analysis and real-world solutions for today’s most pressing recycling and regulatory challenges.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

most read