a Platts Global Energy Award, the only Irish company to make the finalists.
The awards are often described as the “Oscars of the energy industry”. The Athlone-based company has been shortlisted for the leading technology award in the sustainable innovation category.
The 2014 finalists were chosen from nearly 250 nominees from 36 nominating countries.
Managing director Wayne Byrne said making the shortlist endorsed OxyMem "as a global innovative solution for one of the largest energy consuming industries in the world".
OxyMem was co-founded in 2013 by Prof Eoin Casey and Dr Eoin Syron as a spin-out from UCD’s school of chemical and bioprocess engineering.
It is commercialising a breakthrough technology to address the global need for a more energy-efficient aeration solution for wastewater treatment.
Earlier this year OxyMem won the overall Innovation of the Year award at the 2014 Irish Times InterTradeIreland Innovation Awards.