UCD-founded wasterwater purification spinout OxyMem has been bought by DowDuPont, already one of its shareholders.
OxyMem, an Ireland-based membrane-aerated biofilm manufacturer spun out of University College Dublin, has been acquired by speciality chemicals and materials supplier DowDuPont for an undisclosed sum.
The deal resulted from an option agreement held by DowDuPont and is expected to close before the end of this year.
Founded in 2013, OxyMem has developed a secondary wastewater treatment technology comprising membrane-aerated biofilm reactors that operate within existing systems to break down bacteria with oxygen bubbles.
The technology is…
