This start-up business which has its R&D centre in Bordeaux has waste treatment technology which is unique in the world. It is now to be floated on Alternext Paris.
Using a “supercritical hydrothermal oxidation” process and after 20 years of research with the CNRS, the company is able to convert hazardous liquid industrial waste (cosmetic and pharmaceutical products, solvents, etc) into clean water.
With a global market valued at 25 million tons of toxic industrial waste, this stock-market entry marks the beginning of a great and promising industrial adventure.
The Aquitaine Company has a first pilot industrial unit at Arthez-de-Béarn and has just signed a five-year service contract worth €6 million with Inter’val on Reunion Island. Innoveox has set a target of annual turnover of between €30 million and €40 million for 2018.
On the way to reaching this, the company will raise at least €12 million on the stock exchange. The number of employees will double from 15 to 30 by the end of the year.
(Source: La Croix, 28 April 2014)