LIFE ECOGRANULARWATER
The LIFE ECOGRANULARWATER project focuses on "Drinking Water" and was approved under the "Resource Efficiency" priority area in the 2016 call for the LIFE Program.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | €170k | Seed | |
| Total Funding | 000k | ||
| EUR | 2023 | 2024 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | (30 %) |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | - | 1 % |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
LIFE ECOGRANULARWATER is a project focused on demonstrating a low-cost, biological technology for purifying groundwater intended for human consumption. Approved in the 2016 call of the European Union's LIFE Programme, the initiative addresses the challenge of removing nitrates, phosphates, pesticides, and other pollutants from water supplies, a significant issue for municipalities in agricultural regions. The project's primary goal is to showcase an efficient, biological alternative to conventional water treatment methods like reverse osmosis.
The project was implemented through a partnership of several entities, coordinated by the Provincial Council of Granada (Spain). Key partners included the University of Granada (Spain), Aalto University (Finland), and two Spanish companies, Construcciones Otero and Gedar. This consortium brought together academic research, engineering, and public administration to develop and test the technology. The project ran from September 1, 2017, to April 30, 2021, with a demonstration plant installed in the municipality of Torre Cardela in Granada, an area with high nitrate concentrations in its groundwater.
The technology functions by using biological systems to eliminate contaminants, which has proven to have a lower cost and a smaller environmental and carbon footprint compared to reverse osmosis. A key benefit is that it does not generate reject water, a common issue with other purification systems. The project has developed a business plan to commercialize the technology, targeting two main customer segments: institutional clients, such as municipalities responsible for public water supply, and private businesses. The plan confirms the technical and financial viability of the solution, suggesting potential for job creation and attractive profitability for a promoting company.
Keywords: water purification, groundwater treatment, biological water treatment, nitrate removal, pesticide removal, phosphate removal, drinking water technology, environmental technology, EU LIFE Programme, sustainable water management, cleantech, water-tech, resource efficiency, University of Granada, Aalto University, Provincial Council of Granada, Torre Cardela, low-cost water treatment