'Game Changing' Cleanup Technology Gets an Investment Boost
Published on by Water Network Research, Official research team of The Water Network in Technology
Renix manufactures an ion exchanger that is smaller and more efficient than others on the market, and can purify liquids, such as removing waste and contaminants from water.
Renix, a small business in Western University's research park, is being called a "game changer" that can slash industrial cleanup costs by half.
"We can reduce costs, we use less chemicals, less water and less energy. We are doing it in a more efficient manner," said Alan Birrell, Renix's vice-president.
Renix has manufactured an ion exchanger that is smaller and more efficient than others in the market, he said.
It is essentially a machine that can purify liquids, such as removing waste and contaminants from water, and can remove impurities in food products, to name a few uses.
It has a broad application, from manufacturers to food processors to environmental cleanups.
"It has a much smaller footprint and can be used in everything from mining to the food and beverage industries," Birrell said.
Perhaps the most promising application is removing phosphorous from waste water and using it for fertilizer, said Birrell.
Renix got funding recently from the Southwestern Ontario Angel Group (SWOAG), a group of local private investors. It is the SWOAG's second round of funding for Renix -- it gave startup money to the business about four years ago.
"It is a game changer," said John Pollock, managing director of SWOAG. "What they like about this technology it is scale-able to different sizes and has application across different industries."
Lynn Davis, London philanthropist and investor, is one of the angel investors supporting Renix. She said she likes the way its innovation can grow London industry, while supporting the environment.
"It is the potential the technology has not only in the food sector, but environmental as well. We are talking about cleaning up oil spills and removing algae from Lake Erie. There are a wealth of possibilities with this," she said.
Source: lfp
Media
Taxonomy
- Ion Exchange
- Purification
- Wastewater Treatment
- Water Treatment Solutions
- Water Purification