Monday 10 July 2017

Ronan Daly Jermyn advises wastewater innovator, OxyMem in its business expansion

Ronan Daly Jermyn advised wastewater innovator, OxyMem on an equity investment by Saudi Aramco Energy Ventures (SAEV), a Saudi Arabian multinational oil and gas exploration company.

Recently named in the 2017 Global Cleantech 100, OxyMem is a spin-out from University College Dublin’s (UCD) School of Chemical and Bioprocess Engineering and a leading innovator in energy efficient wastewater treatment. Their 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.

The deal team comprised Diarmaid Gavin (Partner) and Sean O’Reilly (Associate).

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