Investment & Fund Management
European Investment Fund Partner
Full Credential Description
Apateq, a Luxembourg-based company specializing in wastewater treatment, faced significant challenges in managing complex wastewater from industries such as petro-gas, maritime, and landfills. The CEO, Bogdan Serban, emphasized the need for innovation to tackle increasingly difficult wastewater treatment demands, particularly in the context of a shift towards a circular economy. Apateq's focus on research and development has led to the creation of advanced solutions that effectively treat challenging wastewater, including that generated during oil and gas extraction and leachate from landfills.
In 2015, Apateq identified an opportunity in the maritime sector, where they developed a solution to clean exhaust gases from large vessels to comply with new regulations. This strategic pivot resulted in significant growth, with orders for large vessel installations increasing from one in 2017 to 130 by 2019. To support this rapid scaling, Apateq secured an EU-guaranteed loan from BCEE, backed by the EIF under the EUs Investment Plan for Europe. This financial support was crucial for the companys survival and expansion, enabling them to fulfill a growing number of orders and solidify their position as a market leader, capturing one-third of the global market in their sector.