Industrial wastewater treatment developer closes $5.6M in Series-A funding

Sponsored by


VANCOUVER, BC, Feb. 12, 2014 -- A $5.6-million Series-A financing round that paved the way for new California-based investor, The Roda Group, to join existing investors, Chrysalix Energy Venture Capital and BDC Venture Capital, was recently closed.

Axine Water Technologies, developers of a low-cost, chemical-free solution for treating high concentrations of problematic, toxic organics, ammonia, and other pollutants in industrial wastewater, announced the closure today.

Over the past 12 months, Axine has worked closely with industry leaders in oil & gas, refining, waste management, and chemical processing to verify and benchmark the capability of its technology in treating the most difficult wastewaters at a low cost.

Dealing with ammonia? Try these resources:

Industrial wastewater treatment developer closes $5.6M in Series-A funding

Lagoon Logic: Elimination of Biosolids Build-up through Biodredging

MBBR system to be installed at Chicago WTP; first of its kind in IL state

Control system at Grand Rapids WWTP helps save residents money, energy

Fertilizer reused from sewage with UK's first nutrient-recovery technology

Deammonification Process Brings Carbon, Energy, and Sludge Reductions

Wastewater treatment process commended for cuts in energy use, chemical costs

Accordingly, this enables customers to reduce chronic production bottlenecks, lower operating costs, avoid regulatory penalties, and enable wastewater to be treated and reused on-site to offset the rising cost of freshwater.

Axine's new technology addressses significant challenges throughout the oil and gas industry, from oil sands SAGD to refinery effluent, while simultaneously preserving the environment, said Jean-Michel Gires, former president and CEO of Total E&P Canada and now venture partner with Chrysalix EVC, in a recent press release.

Marty Reed, new investor and principal at The Roda Group, added, "Waste treatment and water reuse are massive global problems and top investment priorities for Roda. Axine represents the kind of breakthrough technology we're looking for as it stands to solve significant issues across a wide range of water-intensive industries."

Axine's Series-A round marks the largest water and wastewater Series-A financing in North America in the past year and one of the largest internationally in the last two years.

See also: "Axine Water receives funding from Canadian government for water technology development"

About Axine Water Technologies

Axine Water Technologies has developed a low-cost, chemical-free solution for treating high concentrations of problematic toxic organics, ammonia, and other pollutants in industrial wastewater solving a multi-billion dollar problem for large companies in a wide range of industries. For more information, visit www.axinewater.com.

###

Sponsored by

TODAY'S HEADLINES

Clearing Things Up at Prequannock WTP

In 2010, the city of Newark, N.J., retained Hatch Mott MacDonald to investigate potential solutions to a problem at Pequannock WTP. Decant tanks were providing minimal solids removal as a result of removed tube settlers from deterioration. Inclined plate settlers were identified as a feasible alternative for improving supernatant water quality and were selected for pilot testing.

Be the Change: Embracing New Approaches to Foster Innovation in the Water Industry

The pressure to accommodate change will drive our traditionally risk-averse industry to embrace new and different approaches at an accelerated pace. Further, the demand for a zero-energy footprint will also drive improvements in co-generation efficiencies, energy conservation and recovery methods, and comprehensive resource recovery.

CDC preparing Ebola guidance for wastewater treatment personnel

In a recent conference call with AWWA and other major water organizations, the CDC shared it has prepared and is conducting an expedited internal review of an interim guidance on wastewater worker safety and the inactivation of the Ebola virus by wastewater treatment processes.

New partnership to measure farmers' conservation impacts on U.S. water quality

The U.S. Department of the Interior and U.S. Department of Agriculture have announced a new partnership that will provide a clearer picture of the benefits of farmers' conservation practices on the quality of the nation's waters. 

FOLLOW US ON SOCIAL MEDIA