29 Aug EU INVESTMENT IN AQUAPORIN INSIDE™ TECHNOLOGY
EU INVESTMENT IN AQUAPORIN INSIDE™ TECHNOLOGY
Aquaporin has been granted the EU project, AMBROSIA (Aquaporin-Inside™ Membranes for Brackish water Reverse Osmosis Application) with a budget of DKK 10.5 million.
The EU project will enable the development and commercialization of Aquaporin Inside™ Brackish Water Reverse Osmosis membranes. The project will run from October 2017 till September 2019.
The Reverse Osmosis (RO) membrane segment, which is the largest of the membrane market, was valuated at DKK 8.1 billion in 2015 and is projected to grow by 43% over the 8-year period from 2014 to 2021, reaching a DKK 18 billion revenue by 2021. Part of the RO market is dominated by brackish water reverse osmosis membranes. Brackish water is water that has higher salinity than fresh water and lower than seawater.
“We are proud to receive European financial support of this size and welcome the steady trust in our technology. Our brackish water reverse osmosis technology will potentially disrupt the current RO technology, making it more energy and water efficient as well as more sustainable and cost-effective”, Claus Helix-Nielsen, CTO of Aquaporin comments.
More than a billion people currently live in water-scarce regions; a number to be timed by 3.5 by 2025. Seawater amounts to 97% of all water contained on Earth and can with the Aquaporin Inside™ brackish water technology be converted into fresh water by desalination.
Aquaporin acknowledge this huge business opportunity granted by the European commission. Aquaporin has developed a ground-breaking biomimetic technology to separate and purify water from other compounds based on nature’s own principles: Aquaporin water channel proteins. This technology will potentially disrupt the current RO technology, making it more energy and water efficient as well as more sustainable and cost-effective.
CTO, Claus Helix-Nielsen, Aquaporin A/S, Nymøllevej 78, 2800 Kgs. Lyngby, Denmark. Website: www.aquaporin.dk Phone: +4582303082
Aquaporin A/S is a water technology company headquartered in Copenhagen, Denmark with activity in Singapore and China. Our company is dedicated to revolutionizing water purification through the use of industrial biotechnological technique and thinking. Our company is a global leader in developing, producing and marketing biomimetic membranes for industrial and consumer water applications based on nature’s own water filtration system – the highly selective and efficient aquaporin water channels. The Aquaporin Inside™ platform uses biotechnological principles in a technological context which is a novel upcoming field with large commercial perspectives and is capable of separating and purifying water from all other compounds.