Climate Change Capital Private Equity LP (CPE) has led an EUR8m investment in Orège SA (Orège), a French company that has developed patented wastewater treatment technologies for complex effluents and sludge from the oil & gas, mining, petrochemical and chemical industries.
CPE, which manages a EUR200m private equity fund focused on expansion capital and buy-out transactions in European cleantech companies, contributed EUR6m of the EUR8m round, alongside Oraxys SA (Oraxys), the Luxembourg-based cleantech private equity firm.
Orège’s patented SOFHYS and patent pending SLG are advanced wastewater treatment solutions that are capable of treating complex industrial effluents (in particular BTEX and dissolved COD) and de-watering and/or de-polluting sludge in a highly cost efficient manner (de-watering percentage doubled compared to traditional techniques).
Pascal Gendrot, Orège’s Chief Executive Officer said: "Orège is delighted to welcome blue-chip international investors CPE and Oraxys among its shareholders. This is a key milestone in Orège’s development: we have substantial capital to build on our commercial successes and to accelerate the expansion of Orège in France and internationally through investments into our own fleet of mobile SOFHYS and SLG units and to enrich our specific know-how with dedicated teams in the fields of oil & gas and chemistry. Our new investors will also provide valuable industrial connections to support our growth."
Alex Betts, a Partner of CPE, says: "Orège has developed truly unique breakthrough wastewater treatment technologies in terms of performance, physical footprint, cost and environmental impact for treating highly complex industrial effluents and de-polluting the most toxic sludge. We are looking forward to supporting Pascal and his team’s expansion plans.
" François Guinot, a Partner of Oraxys and former Chairman and CEO of Rhône-Poulenc Chemistry and former CEO of bioMérieux, adds: "A number of companies are involved in wastewater treatment but Orège stands out from the others by being able to provide highly reliable solutions as a result of an original combination of technologies."
