Cartagena Capital advises Biowater Technology on NOK 30 million investment from Sembcorp Industries
Published on by Water Network Research, Official research team of The Water Network in Business
Cartagena Capital, the international technology-focused corporate finance advisory firm, has acted as exclusive financial advisor to Biowater Technology (Norway) on a NOK 30 million ($4.9m) investment from Sembcorp Industries (Singapore). The company also raised NOK 8 million ($1.3m) from existing investors Incitia Ventures and Mallin Venture.
Biowater Technology has gained international recognition for its unique cost effective technology for biological treatment of wastewater for the industrial and municipal markets. The company's technology has been under development since 2007 and carried out in partnership with current investors Incitia Ventures, Mallin Venture, and technology partners including Innovation Norway and Norwegian University of Science and Technology, NTNU. Biowater Technology continues to innovate and develop new patented technologies, namely Continuous Flow Intermittent Cleaning (CFIC®) and the Hybrid Vertical Anaerobic Biofilm Bioreactor (HyVAB®). The use of CFIC® in wastewater treatment can bring substantial reduction in energy consumption of up to 20% to 30%, as well as savings in capital expenditure of up to 25%, compared to conventional Moving Bed Biofilm Reactor (MBBR) technology. Read more :http://bit.ly/12pdYdz
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