Establishes a consortium of global pharmaceutical companies to collaborate and deploy its advanced solutions for treating pharmaceutical pollutants in wastewater
Vancouver, British Columbia, June 3, 2021 – Axine Water Technologies, a global leader in on-site solutions treating the toughest organic pollutants in industrial wastewater, announced today that it has been awarded $6.2 million in funding from Sustainable Development Technology Canada (SDTC). With the funds, Axine will develop and deploy new applications of its commercially proven, electro-oxidation (EOx) technology and achieve a step-change improvement in the performance, efficiency, and cost reduction of its flexible, turnkey wastewater treatment systems. It will also enable Axine to provide its customers with continuous, reliable, on-line verification of treatment performance through the incorporation of advanced digital automation and machine learning.
Together with the Honourable François-Philippe Champagne, Minister of Innovation, Science, and Industry, SDTC announced a total of $44.3 million in funding for 11 Canadian cleantech companies including Axine. The independent federal foundation’s mission is to help Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions tackling the planet’s most pressing environmental challenges.
“Persistent organic pollutants in industrial wastewater such as pharmaceuticals and PFAS are a global risk to human health and the environment,” said Jonathan Rhone, CEO of Axine Water. “This funding from SDTC will help us expand, deploy, and scale-up Axine’s new standard of on-site treatment solutions to address a multibillion-dollar global problem. This project will also enable pharmaceutical manufacturers to achieve their sustainability and compliance goals amidst growing pressure to eliminate pharmaceutical pollutants in wastewater and increase water recycling and reuse.”
“To date, SDTC-supported companies have generated an estimated $2.7 billion in annual revenues, created thousands of jobs and brought transformative climate technologies to market”, said Leah Lawrence, President and CEO, SDTC. “Canadian cleantech innovation is one of the best in the world and we’re proud to support companies like Axine and their dedication to sustainable development.”
To support the project, Axine has organized a consortium of pharmaceutical companies who will collaborate with Axine to test and deploy its advanced treatment technology at select manufacturing plants in North America and Europe.
For more information on Axine’s ground-breaking industrial wastewater treatment solutions and the broad range of pollutants it successfully treats at manufacturing sites around the world, please visit www.axinewater.com.
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About Axine Water Technologies
Axine has created a new standard for treating toxic organic pollutants in wastewater for customers in the pharmaceutical, chemical, and other industries to address a global environmental and health problem. Axine’s breakthrough solution combines advanced electro-oxidation (EOx) technology with a custom, modular system design capable of treating and destroying the widest range of organic pollutants with verifiable, guaranteed performance. Axine’s unique wastewater-as-a-service business model enables customers to achieve wastewater and sustainability goals with minimal capital investment and technology risk. For more information, please visit www.axinewater.com.
About Sustainable Development Technology Canada
Sustainable Development Technology Canada (SDTC) helps Canadian companies develop and deploy competitive, clean technology solutions, to help solve some of the world’s most pressing environmental challenges: climate change, clean air, clean water and clean soil. By taking a cross-Canada approach, from seed to scale, and in partnership with the best peers and experts, SDTC is the global benchmark for sustainable development innovation programming.
Media Contact:
Kirstin Gulbransen
Director of Marketing
Axine Water Technologies
Mobile: (480) 486-9176
Email: kgulbransen@axinewater.com