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FINANCIAL NEWS
Saudi Aramco unit purchases Irish wastewater firm
28 Jun 2017
(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
MENAFN2806201700450000ID1095583543
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