SINGAPORE – Singapore membrane technology company De.mem hopes to expand sales of its membrane technology across Asia after an initial public offering (IPO).
The company intends to raise AUS$3.75-4.50 million (US$2.9-3.5 million) from an IPO on the Australian Stock Exchange, expected by the end of March this year.
De.mem has been working to scale up and validate a low-pressure hollow fibre membranefor decentralised industrial used water treatment applications.
The nanofiltration membrane was developed by Prof Wang Rong of Nanyang Technological University and licensed to De.mem in June last year.
According to the company, the membrane’s surface is positively charged, which results in “better rejection of contaminants that is less dependent on pore size”.
To be operated at 2 bar, the Singapore firm believes this will not only reduce the operating cost compared to traditional reverse osmosis membranes but that there is also “no need for ultrafiltration as a pre-filtration method”, leading to reduced capital costs.
Raised finance will be used to expand the business in Singapore, Vietnam and the region, according to The Business Times in Singapore.