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Hungarian company overcomes problems in funding eco-industries

28/07/2011

  • Hungary
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Wastewater specialist Organica Ecotechnologies, a pioneer of natural treatment methods in Easter Europe, attracted funds despite the long-term nature of its investments.

Organica uses natural methods and ecologies to treat wastewater across Central and Eastern Europe, creating attractive botanic gardens in the process. A major difficulty that faced this Hungarian company was in attracting investments, primarily due to the fact that other sectors could offer better margins and quicker returns.

As treatment plants fundamentally take a long time to develop and construct, and require specialist expertise to operate that is not familiar to investors, they are not an attractive proposition to some. However, Organica has been able to attract investment due to its competitive internal rate of return – a point highlighted in the final report of the EU Fundetec project on funding environmental technologies.

Successful company development was aided by a series of significant investments. In 2005, the Hungarian Development Bank obtained a HUF 380 million (€1.45 million) share of the company to facilitate development of eco-innovations and environmental services. The company’s evolution accelerated when the Hungarian Development Bank share was bought out by Veolia, a world-leading waste and wastewater services multinational.

Together, the new partners launched the Organica-VWS joint venture, which enabled Organica to focus further on development and international introduction of its technologies and support services for its licence partners.

Organica was established in 1998 to implement US biotechnologies throughout the rapidly developing environmental protection market in theCentral and Eastern Europe (CEE) region. Following a merger with Hungarian waste-disposal and treatment expert Körte in 2001, the reorganised company was free to focus on the design, construction and operation of wastewater treatment plants, as well as on the field of environmental remediation.

Since its inception, Organica has designed and constructed wastewater treatment facilities for leading multinational companies in a number of fields, providing services to car manufacturers such as Opel and Audi, electrical companies like General Electric and food-processing organisations such as Unilever and Sole. Organica has also provided biotechnology services to companies in other sectors including metal and paper manufacture, pharmaceuticals, public transport, and textiles and glass manufacture and processing.

More information :

Organica Ecotechnologies: http://www.organica.hu/english/company/index.html

Fundetec final report: http://www.fundetec.eu    

Botanical gardens treat wastewater

Harbour Park at Nagytétény in southern Budapestis a prime example of Organica’s specialist municipal wastewater ecological treatment facilities. Built in 2001, and operated by Organica technicians since then, the Harbour Park plant was the first of its kind in the CEE region. Primarily designed to process approximately 300 cu. m of wastewater a day, the plant has the added bonus of being an immaculately kept botanical gardens, a treasured amenity for the local population.

More information:

Organica municipal wastewater services: http://www.organica.hu/english/services/municipal_ww.html