$250,000 prize and a year-long partnership to assist progress and scale up
This text comprises paid for content material produced in collaboration with Puraffinity.
Puraffinity, which develops precision expertise for the removing of PFAS ‘eternally chemical substances’ throughout a number of water remedy functions, has gained a $250,000 award from the Morgan Stanley Institute for Sustainable Investing.
Along with the monetary award, Puraffinity receives a 12 months lengthy collaboration with the Institute for Sustainable Investing which can assist them develop and scale up their revolutionary answer.
Puraffinity, which is tackling the human well being and environmental challenges of per-and polyfluoroalkyl substances (PFAS) has developed a set of adsorbent supplies, exhibiting excessive selectivity in the direction of various PFAS compounds. These are adaptable for a number of functions. The corporate has a objective to supply one billion individuals with PFAS-safe water by 2030.
“To deal with advanced sustainability challenges, we have to advance revolutionary options,” stated Jessica Alsford, Morgan Stanley Chief Sustainability Officer and CEO of the Institute for Sustainable Investing. “Puraffinity’s novel low-carbon inexperienced chemistry strategy to coping with ‘eternally chemical’ contaminants permits for PFAS seize and the reusing of their adsorbent materials.”
The Morgan Stanley award follows Puraffinity’s latest success elevating $13.9m in Sequence A funding. Each the fundraise and the award win will allow the corporate to scale up its operations, transitioning from a R&D targeted organisation to being a full industrial entity. The corporate additionally plans to develop its organisational construction, going from 25 to 40 staff by the tip of 2024.”
“Aligning ourselves with tier 1 firms like Morgan Stanley can be a key accelerant of our mission in the direction of addressing the PFAS problem,” stated Puraffinity CEO Henrik Hagemann. “Past the constructive affect of securing the award, we’re thrilled concerning the mentorship throughout the programme and the chance to faucet into the Collaborative to scale up our options that tackles one of many essential challenges of our time.”
The Morgan Stanley Sustainable Options Collaborative is geared toward figuring out and scaling transformative improvements addressing essential sustainability challenges. The Institute evaluated many organisations that are creating new systemic options to numerous sustainability challenges. Puraffinity, was considered one of solely 5 award winners.