GEOCORAIL receives a 192 000 Euros grant from the Investissements d’Avenir program for its Geocaport project

GEOCORAIL receives a 192 000 Euros grant from the Investissements d’Avenir program for its Geocaport project

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Marseille, July 27th, 2016 – GEOCORAIL, an innovative company specialized in the prevention of coastal erosion and the protection of marine structures, announces today that it was awarded a 192 000 Euros grant for its Geocaport project.
Philippe Andréani, Managing Director of GEOCORAIL, declared: “ We are very happy to benefit from the Investissements d’Avenir program funds, as well as the support of ADEME, in the financing of our Geocaport project. The objective is to use the proprietary Geocorail® process, which aggregates the materials present in the surrounding marine environment by means of a low voltage DC current, to capture some marine pollutants.
The Geocaport project will evaluate the usability of this process to treat and valorize dredging sediments as well as locally abate pollution in harbor basins. We will test its capacity to trap dissolved metals and aggregate polluted sediments. Demonstration units will be installed in ports according to their depollution needs. Those units will allow us to evaluate the technical and economical feasibility of this application of the Geocorail® technology.”
About GEOCORAIL / www.geocorail.com
GEOCORAIL develops and commercializes innovative solutions to mitigate shore erosion and protect maritime coastal works and offshore structures. These solutions are based on an electrochemical process respectful of the environment that allows the in situ creation of a natural stone from minerals present at the site. The Geocorail® exhibits a high mechanical resistance and presents an aspect which allows it to blend into its surroundings. It also offers the advantage of sequestrating some of the carbon that is present in the oceans. The Geocorail® formation mechanism can also be used to trap and recover certain pollutants present in the marine environment, such as heavy metals. GEOCORAIL continues the development and optimization of its process for direct applications and is looking to partner with major players in maritime engineering for applications complementing existing engineering practices. GEOCORAIL was founded and advised by Truffle Capital in 2012 and is supported, since its creation, by the Holding Incubatrice “Commodities and Materials”.

For more information, please contact:
GEOCORAIL SAS
Philippe Andréani
Managing Director
Tél : +33(0)6 13 18 32 55
philippe.andreani@geocorail.com

Jean-François Carminati
Tél : +33(0)6 63 87 57 60
jfcarminati@comalto.com
Nicole Roffé
nroffe@comalto.com

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