Chromafora, based in Solna, Sweden, is advancing its mission to enhance water quality across Europe with significant financial backing. The environmental technology company recently acquired €22.5 million in nondilutive financing from the European Investment Bank (EIB). This funding will support the development and distribution of Chromafora’s innovative solutions for removing per- and polyfluoroalkyl substances (PFAS) from water systems, addressing a pressing environmental issue. The company plans to deploy its water-treatment units throughout Europe by 2028, strengthening its presence in the region.
Over the years, Chromafora has been recognized for its patented technologies, specifically SELPAXT and SELMEXT, which target water contamination issues. Past reports emphasized the company’s focus on sustainability and effective removal of pollutants like PFAS. Compared to previous developments, this new funding highlights a broader European expansion, reflecting increased demand for Chromafora’s solutions beyond Sweden, including new markets in Belgium and potentially other European countries. The EIB’s involvement underscores the company’s credibility and the strategic importance of its technologies.
How Does Chromafora Stand Out?
Chromafora distinguishes itself through its cutting-edge technologies, SELPAXT and SELMEXT, designed to purify water by removing harmful substances. SELMEXT focuses on extracting heavy metals, while SELPAXT targets short and long-chain PFAS, achieving over 90% removal efficiency. These technologies not only prioritize contaminant elimination but also emphasize reducing waste through their selectivity. Chromafora’s CEO, Johan Seijmer, highlighted the importance of the EIB loan in facilitating rapid expansion to meet high demands for wastewater treatment, particularly in Belgium and Sweden.
What Role Does the EIB Play?
The European Investment Bank plays a crucial role in financing projects aligned with EU policy objectives. In 2023, the EIB Group, alongside the European Investment Fund, provided €88 billion in new financing for over 900 projects, emphasizing climate action and environmental sustainability. In Sweden alone, the EIB financed nearly €3 billion, focusing on clean-water technologies. This involvement reflects the organization’s dedication to supporting innovations like Chromafora’s, which address environmental and public health challenges.
Chromafora’s portable water treatment systems cater primarily to industrial sectors, such as landfill operators, offering quick setup solutions for effective water purification. The significant demand for these systems across Europe is indicative of the growing need for innovative solutions to tackle PFAS contamination. By expanding its operations to various European markets, Chromafora aligns with the broader EU goals of environmental sustainability and public health improvement.
The EIB’s Vice-President, Thomas Östros, reiterated the importance of supporting clean-water technologies that enhance public health and environmental standards. His statement highlights the critical nature of Chromafora’s innovations in contributing to sustainable water systems across Europe. The strategic collaboration between Chromafora and the EIB is a testament to the shared commitment to addressing water contamination challenges effectively.
Chromafora’s expansion supported by the EIB funding represents a significant development in the field of environmental technology. By focusing on innovative solutions to PFAS contamination, the company not only addresses immediate environmental concerns but also contributes to the long-term goal of sustainable water management in Europe. This financial backing enables Chromafora to enhance its technological capabilities and expand its reach, providing critical support to industries and communities grappling with water quality issues.
