Chemicals producer DuPont has acquired Ireland-based wastewater filtration technology developer and portfolio company OxyMem for an undisclosed amount.
Spun out of University College Dublin in 2013, OxyMem has developed an energy-efficient system that uses hollow fibre gas permeable membranes to transfer oxygen to microorganisms in order to treat wastewater.
DuPont already owned 31% of the company, the stake taken through a deal that gave it the option to acquire full ownership. Its investors also include Saudi Aramco Energy Ventures, oil and gas supplier Saudi Aramco’s corporate venturing arm, which invested an undisclosed sum in June 2017.
OxyMem’s CEO, Wayne Byrne, said: “OxyMem has benefited from working with DuPont, as an investor, for the last four years. A world-class water business, DuPont helped us refocus our development efforts to advance our Membrane Aerated Biofilm Reactor (MABR) technology.
“With the ownership of DuPont, we look forward to scaling MABR to meet the growing demand for the treatment and purification of municipal and industrial wastewater.”
