Feb 26, 2010

Biorem to Enter New $400 Million Growth Markets

Company targeting niche areas within VOC and methane emissions markets

Biorem, Inc., announced it will expand into the industrial air emissions control markets of volatile organic compounds (VOCs) and methane (biogas) emissions. Biorem has made the decision to focus on developing solutions for emissions control in the industrial space, as it will provide the company with greater opportunity for recurring revenue generation and growth. Biorem’s entry into biogas purification adds a dimension of product recovery and allows the company to participate in sustainable clean energy markets in addition to its odor removal business.

Biorem is targeting niche areas within the VOC and methane emissions markets that, combined, have a market size of more than $400 million annually in the U.S. alone, with significant projected annual growth rates, the company said.

“Over the last few years, we have focused on building a stable platform for growth by establishing a strong management team and sales network, generating a healthy balance sheet and developing best-in-class proprietary air emission control technology and intellectual property through research and development,” said Peter Bruijns, president and CEO. “With this accomplished, we are in an ideal position to embark on the next phase of our growth strategy. By expanding our business focus to cover the VOC and biogas markets, we are committing ourselves to being a price and technology leader, as well as a participant in carbon credit-related project opportunities. To support the future growth of our business, we intend to establish new manufacturer representatives for our product offerings in Australia, South Asia and Eastern Europe, as well as further build-out our Beijing, China, office.”

Over the past year, Biorem has developed new biofiltration medias and processes, which will be applied to both the biogas and VOC applications to handle the high concentrations of contaminants. The new medias are currently being validated via prototype units on focused applications including for compost facilities, automotive application and air quality control at a Brownfield toxic superfund site, a project under the supervision of the U.S. Environmental Protection Agency.

expand_less