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Axine Water Technologies One of Five Canadian Companies to be Named to 2014 Global Cleantech 100

Tuesday, October 7, 2014

List recognizes the most innovative & promising ideas in cleantech & the companies that are best positioned to solve tomorrow’s energy & resource challenges

Global Cleantech 100VANCOUVER, BCAxine Water Technologies, developers of a breakthrough, low-cost, chemical-free solution for treating high concentrations of complex, toxic organics and ammonia in industrial wastewater, today announced it has been named in the prestigious 2014 Global Cleantech 100, produced by Cleantech Group, one of the longest standing clean technology market intelligence and advisory firms. Axine represents one of only five Canadian technology companies to make the international list joining two other B.C. innovators, General Fusion and Ostara Nutrient Recovery Technologies.

The Global Cleantech 100 represents the most innovative and promising ideas in cleantech featuring private companies from around the world who are best positioned to solve tomorrow’s energy and resource challenges and have the highest potential to make the most significant market impact. The list is collated by combining proprietary Cleantech Group research data, with weighted qualitative judgments of hundreds of nominations, and specific inputs from a global 84-person Expert Panel. This year, a record number of nominations were received: 5,995 distinct companies from 60 countries. After scoring and evaluation, a final list of 100 companies was selected spanning 17 countries with 37 new entrants including Axine.

“This has been a pivotal year for Axine reflected by the international industry recognition from leading intelligence firms like BlueTech Research in July and now the 2014 Global Cleantech 100,” said Jonathan Rhone, President & CEO of Axine. “This recognition combined with the important progress we continue to make with industry leaders in chemical manufacturing, oil & gas, and other water-intensive markets, reinforces our positioning as an emerging leader in industrial wastewater treatment.”

Axine’s revolutionary method for treating high concentrations of non-biodegradable, toxic wastewater without chemicals and at a lower cost compared to conventional solutions centres around a proprietary electrolytic cell that uniquely and effectively oxidizes a wide range of organics and ammonia converting them to carbon dioxide, water, and nitrogen gas (while recovering a high-purity stream of hydrogen gas for use as a clean fuel). Toxic organics (and ammonia) are among the most difficult problems to solve in industrial wastewater but incumbent technologies and current practices – from on-site chemical oxidation to off-site incineration and deep well injection - are expensive, operationally complex, and have significant risks and long-term environmental liabilities. Based on lab testing to date, Axine has validated superior performance and economics of its novel electrochemical oxidation technology on real-world wastewaters and expects to deliver its first field pilots next year.  

About Axine Water Technologies
Axine has developed a breakthrough, low-cost, chemical-free solution for treating high concentrations of complex, toxic organics and ammonia in industrial wastewater solving a multi-billion dollar problem for large companies in a wide range of industries. Its energy-efficient, scalable system treats recalcitrant and non-biodegradable organics and some inorganics (up to 10,000 mg/L COD) at lower cost than conventional solutions while producing no waste. And due to its simple, modular design, it seamlessly ‘plugs into’ existing treatment plants, targeting specific pain points without disruption to current processes. This means for the first time, chemical manufacturing, oil & gas, and other water-intensive industries can avoid the production bottlenecks, high trucking and disposal costs, water reuse limitations, and difficulties meeting increasingly tougher regulations that have plagued them for decades. For more information, please visit www.axinewater.com.

MEDIA CONTACT:                                           

Kirstin Gulbransen
Chief Marketing Officer
Axine Water Technologies
Direct: (604) 808-4179
Email: kgulbransen@axinewater.com

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