Swedish Cleantech Innovator Chromafora Secures €22.5 Million from EIB to Tackle PFAS in Water

Image Credit: Chromafora

The European Investment Bank (EIB) has approved €22.5 million in non-dilutive financing for Chromafora, a Swedish cleantech company, to combat the pressing issue of “forever chemicals” in Europe’s water systems. These funds will enable Chromafora to enhance its pioneering technology to remove per- and polyfluoroalkyl substances (PFAS) from water, addressing one of Europe’s most persistent environmental challenges.

PFAS, notorious for their resistance to natural degradation, have infiltrated Europe’s water, soil, and food. Long-term exposure to these chemicals has been linked to serious health issues, including cancer, infertility, and developmental disorders. Chromafora’s innovative solution, SELPAXT, integrates advanced filtration with proprietary chemical processes to remove PFAS, including the elusive short-chain variants that are harder to treat.

“This operation highlights our commitment to supporting clean-water technologies that benefit both the environment and public health,” said EIB Vice-President Thomas Östros. “Chromafora’s innovation addresses a critical challenge while contributing to Europe’s transition to sustainable water systems.”

The company’s compact, container-based water-treatment systems are designed for rapid deployment and cater primarily to industrial clients such as landfill operators in Belgium, Sweden, and other European markets.

The EIB’s loan, structured as venture debt, offers Chromafora the flexibility to scale operations without diluting ownership. This funding will support the deployment of water-treatment units across Europe from 2024 to 2028, bridging the gap to full commercialization and positioning Chromafora for broader market penetration.

Chromafora, founded in 2010, aims to leverage this financing to attract additional investment and expand its reach. This aligns with the EU’s goals for water quality, pollution control, and the European Green Deal.

“The EIB loan is a fantastic verification of our technology, as well as an enabler for faster expansion in Europe,” said Chromafora CEO Johan Seijmer. “In addition to Sweden, we have already established units in Belgium and will soon also establish in more European markets. In both these countries and the neighbouring ones, there is a high demand for treating wastewater from PFAS.”

The financing, supported by InvestEU, underscores the EU’s commitment to transitioning to a sustainable and circular economy. By addressing PFAS contamination, Chromafora is protecting public health and advancing environmental sustainability, reinforcing Europe’s leadership in cleantech innovation.

With this investment, Chromafora is set to make a lasting impact on water quality and public health, proving that advanced technology and strategic funding can drive meaningful environmental change.