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FinancialNews
28-06-17
Saudi Aramco unit purchases Irish wastewater firm
(MENAFN) Saudi Aramco Energy Ventures, the corporate venturing subsidiary of global oil giant Saudi Aramco has obtained a major share in Irish wastewater treatment tech firm OxyMem.
Moreover, the Saudi group's funding will support OxyMem to enhance investment in product development and expansion of its manufacturing capacity.
In 2016, OxyMem secured an investment from Dow Water and Process Solutions, a business unit of The Dow Chemical Co.
In addition, the funds raised will enable OxyMem to focus more on growing the business by increasing investments in product development.
MENAFN2806201700450000ID1095583543
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