Hydrogen Peroxide is a strong and biodegradable alternative to chlorine-containing products, and is used, among other things, for the purification of both drinking and wastewater in many industries worldwide.
It is thus a very useful resource, but today 95 percent of the world's production of hydrogen peroxide is produced in an energy-intensive and fossil-fueled process in a few large factories - and is then transported in high explosive concentrates and large quantities around the world.
The Danish PtX company HPNow from Søborg wants to do away with this. And it has already developed the method to do so. The company has developed a production plant the size of a small refrigerator that can produce the necessary amount of hydrogen peroxide for the current application locally using only water and electricity.
The idea has aroused interest among investors, and the company has just raised 105 million DKK in an investment round for the development of the company.
The money comes from, among other things, from new investors such as the Danish Export and Investment Fund, EIFO, and Novo Holdings and MatiTech – a South African provider of sustainable water purification solutions. HPNow's existing investors Evonik Venture Capital and AP Ventures have also contributed to the capital raising.
- Danish Power-to-X pioneers such as HPNow are leading the way towards a greener future. From agriculture to industry, their technology, originally developed at DTU, represents a market potential of several billion euros for sustainable water treatment, both when it comes to the environment, climate and economy, says Jonas Bjaaland, investment director at the Danish Export and Investment Fund.
The investment will be used to scale up HPNow's marketing and sales functions, technical support and production capacity.
- This new investment round, led by prominent investors such as EIFO and Novo Holdings, is a green signal of our technology and market potential. The investment enables us to take a major step forward in the company's development. With this strong support from new and existing partners, our company is poised to take sustainable on-site hydrogen peroxide production to the next level,” said Ziv Gottesfeld, CEO of HPNow.
amp
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
