Swedish Cleantech Innovator Secures €22.5 Million EIB Funding to Combat PFAS Water Contamination
Summary
(IN BRIEF) Swedish cleantech company Chromafora has secured a 22.5 million loan from the European Investment Bank (EIB) to advance its SELPAXT technology, which removes harmful PFAS chemicals from water. The initiative aligns closely with the EUs environmental sustainability objectives and ongoing efforts to ensure access to clean water.PFAS, a group of highly persistent pollutants found in water, soil, and food, present a serious threat to both the environment and human health. Established in 2010, the company is leveraging this funding to close the gap to full commercial readiness, expand its market presence, and attract additional investment.The EIBs support is not only a validation of our technology but also a crucial catalyst for scaling our operations across Europe, said Johan Seijmer, CEO of Chromafora. For more details about our projects in Sweden and their impact, please visit our country page for Sweden.Chromafora is an innovative cleantech company with unique patented and patent-pending water treatment technologies based on proprietary chemistry: SELPAXT and SELMEXT. The SELMEXT process also contributes to the conservation of critical raw materials by enabling the recovery and recycling of valuable metals, such as gold and other precious resources, from waste.The PFAS removal efficiency of the SELPAXT technology has been confirmed in studies conducted by the research institute RISE and through evaluations at a number of landfill sites.