Envirogen will use the funding for design and installation of a suite of environmental treatment projects that will feature Envirogen’s proprietary technology and long-term service agreements.
In the municipal arena, Envirogen will design projects that will include drinking water treatment, wastewater treatment and groundwater remediation for both organic and inorganic contaminants.
In the industrial sector, money will go into projects like groundwater and wastewater treatment and process improvement projects that have an environmental component – such as the recovery of materials from process or waste streams for use as recycled materials.
All projects will be developed using Envirogen’s technology and services business model, which claim to deliver a low lifecycle cost for the operating life of the installation.
Michael Stark, president and CEO of Envirogen, said: “At Envirogen Technologies, we understand that a critical component of creating a low lifecycle cost for an environmental installation is its 10 to 20 years of operating costs, which is why our clients prefer we participate in the operations and maintenance of these installations.
“By adding a robust financing element to our technology and services design and build capabilities, we believe we can help communities and companies better manage their costs and maximize their investments at the same time as they are achieving their environmental and regulatory goals.”
