What is ProChem?
ProChem, Inc. is a prominent provider of industrial water solutions, specializing in advanced wastewater treatment technologies. The company employs methods such as selective ion-exchange (SIX), physical/chemical processes, and membrane filtration to offer the power industry effective and reliable means of adhering to stringent effluent limitation guidelines (ELGs). ProChem's innovative I-PROTM water reuse system is a proven technology designed to transform wastewater into high-quality process water, efficiently removing contaminants like Selenium, Arsenic, Mercury, and Boron with a compact footprint and low capital expenditure. These end-of-pipe solutions are adaptable to existing wastewater treatment systems and are backed by comprehensive technical services.
How much funding has ProChem raised?
ProChem has raised a total of $955K across 2 funding rounds:
Debt
$350K
Debt
$605K
Debt (2020): $350K with participation from PPP
Debt (2021): $605K led by PPP
Key Investors in ProChem
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for ProChem?
The substantial enterprise-level funding secured by ProChem indicates a strong market position and a clear path for scaling its operations and technological advancements. This capital infusion is likely to accelerate the deployment of its I-PROTM water reuse systems, further solidifying its role in helping industrial sectors, particularly the power industry, meet environmental regulations. Future growth may involve expanding its service offerings, enhancing its technological capabilities for contaminant removal, and potentially exploring new market segments that require advanced water treatment and reuse solutions.
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