Dublin and Athlone, Ireland, 25 January 2017, OxyMem (www.oxymem.com), a fast growing Irish cleantech company, has been named in the prestigious 2017 Global Cleantech 100. The company has been named in the Global Cleantech 100 list, which is produced by the Cleantech Group (CTG), for the second year running.
OxyMem, a University College Dublin (UCD) spin-out company and the only Irish company to make this list, is commercialising the Membrane Aerated Biofilm Reactor (MABR) technology, an innovative solution to reduce costs for wastewater treatment.
The Global Cleantech 100 represents the most innovative and promising ideas impacting the future of a wide-range of industries. Featuring companies that are best positioned to solve tomorrow’s clean technology challenges, the Global Cleantech 100 is a comprehensive list of private companies with the highest potential to make significant market impact within a 5-10 year timeframe.
Wayne Byrne, CEO, OxyMem, said, “To be recognised for the second year running in the prestigious Global Cleantech 100 company is real validation of our efforts over the last 4 years. This highlights, to a highly conservative water market, a value proposition that makes OxyMem the stand out contender in energy efficient wastewater treatment.”
OxyMem was co-founded by Wayne Byrne, Professor Eoin Casey and Dr Eoin Syron in 2013 as a spin-out from UCD’s School of Chemical and Bioprocess Engineering.
This list is collated by combining proprietary CTG research data, with weighted qualitative judgments from hundreds of nominations, and specific inputs from a global 86-person Expert Panel. To qualify for the list, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange.
This year, a record number of nominations were received, 9,900 distinct companies from 77 countries. These companies were weighted and scored to create a shortlist of 325 companies. Shortlisted nominees were reviewed by CTG’s Expert Panel, resulting in a finalised list of 100 companies from 17 countries.
“Sustainable Nation is helping to mobilise Irish talent, capability and business sector to beat the global 2oC target. We are continually impressed by the quality of companies and entrepreneurs responding to this global challenge. Having initially nominated OxyMem for this honour in 2015, we are delighted that they have again received this accolade. OxyMem is to the fore in developing game-changing solutions with global application, and I believe they are setting the bar for other Irish companies to join the prestigious Cleantech 100 list”, said, Aideen O’Hora, Director, Sustainable Nation Ireland.