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    Reference: 20230643
    Release date: 23 May 2024

    Promoter – Financial Intermediary

    CHROMAFORA AB

    Location

    Description

    The project will finance the promoter's research and development related to Per-and Poly-fluoroalkyl substances (PFAS) removal technology and the deployment of water treatment installations 'as a service' at end-user premises. Chromafora is a Swedish cleantech company that uses patented technologies to remove heavy metals and PFAS from polluted water. PFAS are considered as contaminants of emerging concern. Because of their water- & oil-repellent, non-stick characteristics, PFAS are used in many daily-use products. When these products degrade in landfills, PFAS can contaminate water bodies (mainly groundwater). The abstraction of water from these water bodies is a hazard for human health. Detection and control of PFAS has been included as a new requirement in the recently adopted Directive (EU) 2020/2184 of the European Parliament and of the Council of 16 December 2020 on the quality of water intended for human consumption (Drinking Water Directive or DWD), leading to stricter requirements in the water for human consumption.

    Objectives

    The aim is to support a solution for thousands of potential clients, mainly at landfills, and at industrial sites where hazardous PFAS pollution accumulates.

    Sector(s)

    • Water, sewerage - Water supply; sewerage, waste management and remediation activities

    Proposed EIB finance (Approximate amount)

    EUR 22 million

    Total cost (Approximate amount)

    EUR 45 million

    Environmental aspects

    Compliance with the environmental "acquis", notably Environmental Impact Assessment (EIA) Directive 2011/92/EU amended by the Directive 2014/52/EU, will be assessed during appraisal, as well as compliance with the Industrial Emissions (IED) Directive 2010/75/EU and other applicable environmental acquis.

    Procurement

    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB concluded that the promoter is subject to EU public procurement legislation (Directive 2014/24/EU or 2004/18/EC, where applicable), then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU or 2004/18/EC, where applicable), as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Under appraisal

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    EU Countries Sweden Water, sewerage