LG Chem acquires NanoH2O

Korea-based diversified chemical company LG Chem has acquired reverse osmosis (RO) membranes manufacturer NanoH2O.

NanoH2O founder and CEO Jeff Green said that the acquisition will serve to accelerate the delivery of new energy efficient membrane technologies to its customers and the desalination industry.

"What began as an innovative idea in a university lab just nine years ago is now part of a $22bn leading global chemical company with vast manufacturing, R&D and commercial resources," Green added.

In early 2011, NanoH2O officially introduced its thin-film nanocomposite QuantumFlux RO membranes and has witnessed rapid growth since, with more than 150 desalination plants operating its seawater RO membranes. Its installations produce over 300 million litres of water a day across 36 countries collectively.

LG Chem vice chairman and CEO Jin Soo Park said that NanoH2O has established its position as a leading RO membrane manufacturer in the growing desalination industry.

"We understand the gravity of water scarcity and its importance not just to our business, but across the globe. LG Chem is committed to supporting sustainable, energy efficient technology platforms that lower the cost and increase the availability of fresh water," Park added.

NanoH2O develops RO membranes for seawater desalination, maintaining operations from its headquarters located in Los Angeles, California, and from sales offices across the Americas, Europe, the Middle East and Asia.