Menu
Part of the EIB Group
Search

Apateq: innovative wastewater treatment

“The point is that we need to get away from the linear economy and target a circular economy. We need to use technology to be able to re-use the same water.”

Read out loud
3 Nov 2020# min read

Luxembourg-based Apateq is transforming wastewater treatment with cutting-edge technology, tackling complex industrial waste from sectors like oil, gas, and maritime. As demand grew, the company needed financing to scale its innovative solutions. With an EU-backed loan from BCEE, Apateq expanded its installations and workforce, reinforcing its mission to drive a circular economy through water conservation.

Apateq targets the most critic industries like petro-gas, maritime and leachate.

Pioneering sustainable water solutions

Apateq is a company based in Luxembourg that specialises in wastewater treatment. They deal with the most challenging wastewater, building machinery to clean wastewater in fields like petro-gas industry, the maritime sector and the leachate sector (wastewater that collects in landfills).

The result? Apateq is proud to offer ‘the most advanced wastewater treatment and water conservation solutions currently available on the globe’, on the back of this strong focus on R&D.

Innovation imperative

“As the target becomes more challenging, we are forced to innovate. It’s not an exaggeration to say that we innovate in all our projects, at all levels: mechanics, software, hardware, process…” says Bogdan Serban, CEO and co-founder of Apateq. The innovation, in a nutshell, is in the way the company finds new, effective ways of treating all sorts of difficult wastewater, like water from the oil and gas industry: “When you extract oil and gas,” Bogdan explains, “due to physics and geology, you inevitably get water.”

Water repurposing

For every barrel of oil, you get 3-5 barrels of water, which can get pumped back down into the well, but as wells fill up, the water needs to be repurposed and injected elsewhere. “That’s where we come in.”

Similarly, in the leachate sector, the company takes water resulting from the decomposition of waste in landfills, and treats it to the point that it can be discharged into a river - always using physical treatment rather than chemical.

As the target becomes more challenging, we are forced to innovate, at all levels: mechanics, software, hardware, process… ”

- Bogdan Serban, CEO and co-founder

Sailing new seas

At the same time, Apateq has not shied away from moving into new areas: “In 2015, we were nobody in the maritime sector,” says Bogdan. “But we looked at how we could clean exhaust gases of large vessels to meet new legislative requirements. We built on order an onshore industrial sized installation, proved that it works to clients, and today we are the reference, with one third of the global market.”

Scale up

Apateq received its first order for large vessels in 2017, jumping to 11 in 2018 and 130 in 2019. In late 2018, as the company was starting to scale, it received an EU-guaranteed loan from the BCEE, backed by the EIF under the EU’s Investment Plan for Europe. “Without that loan, the company would probably not have existed anymore. We definitely wouldn’t have been able to scale and cover so many orders without it,” he explains.

About Apateq

EIF financing

These are funding initiatives from our portfolio used to support this company

InnovFin SME Guarantee FacilityEFSI

Financial intermediaries

EIF partners participating in this transaction to match our resources

BCEE

More stories like this

Find more information about EIF activity in your country

Related products

EIF other initiatives similar to this transaction which supported this company

Guarantee productsInvestEU Guarantee productsLFF 2