The Canadian government has awarded CarboNet $1.7m to commercialize a 100% biodegradable flocculant.
The PacifiCan program invests in high-growth, high-impact companies and awarded $14m to seven companies in total.
When a main sewer line of a large municipality reached capacity, an alternate line was built and needed dewatering for the trenches.
Unfortunately, a complex mix of four chemicals was unable to hit the discharge limit and, with constant adjustments slowing down construction, was driving up project costs.
CarboNet was added to the project.
NGIF Cleantech Ventures has led our Series A financing. We welcome them to the team.
John Adams, Managing Partner, was impressed by the business performance of our chemistry, noting “CarboNet could not only help industry improve water use, but also improve an operator’s P&L.”
CarboNet chemistry was recently applied on a large municipal dredging project outside of the nation’s capital.
Thom Fornoville, CarboNet Director of Commercial Development, noted this was the first application of SimpleFloc using geotextiles. “Geotextile dewatering is a great fit for our chemistry. It removes make-down, drastically cuts PAM and concerns about breaching the operating envelope, and can reduce manpower on the job by 50%.”
CarboNet ranked #7 in the Companies to Watch competition.
CarboNet CEO Barry Yates and COO Bill Schonbrun were on hand in Toronto to accept an award, with Yates noting that the only thing moving faster than the Fast 50 was water insecurity. Some chuckled.
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