OxyMem Ltd, a UCD School of Chemical & Bioprocess Engineering spin-out company, and a leading innovator in energy efficient wastewater treatment, today announced that it has added Saudi Aramco Energy Ventures (SAEV) to its growing shareholder base.
OxyMem’s ground breaking Membrane Aerated Biofilm Reactor (MABR) technology has the potential to bring wastewater treatment closer to energy neutrality by reducing energy consumption for aeration by up to 75 percent. The funds raised will enable OxyMem to further focus on growing the business by increasing investments in product development, expanding its manufacturing capacity, and increasing its sales force.
OxyMem was co-founded by UCD graduates; Wayne Byrne, Professor Eoin Casey and Dr Eoin Syron in 2013 as a spin-out from UCD’s School of Chemical and Bioprocess Engineering.
