The company behind SELPAXT, Chromafora, receives €22.5 million EIB loan to advance technology for removing “forever chemicals” from water. The funding will support development and commercialisation of technique to tackle widespread pollutants known as PFAS.
The Project aligns with InvestEU’s priority for clean water and EU environmental-sustainability goals.
Chromafora will use the loan to advance a technology for removing per- and polyfluoroalkyl substances – or PFAS – from water.
The credit from the EIB, the European Union’s lending arm, will support the development and deployment by Chromafora of water-treatment units at sites across Europe between 2024 and 2028.
PFAS are highly persistent and have been detected in water, soil and food across Europe, creating a serious environmental challenge. PFAS contamination poses significant risks to human health, with long-term exposure linked to cancer, decreased fertility and developmental disorders.
“This operation highlights our commitment to supporting clean-water technologies that benefit both the environment and public health,Chromafora’s innovation addresses a critical challenge while contributing to Europe’s transition to sustainable water systems.”
EIB Vice-President Thomas Östros.
Read the full press release here
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