- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- Gothenburg Sweden
- IPO Date
- Nov 22, 2024
- Business
- Xoma AB is a Swedish environmental technology company that develops and commercializes biological water purification systems and controlled land-based algae cultivation infrastructure. The company provides specialized environmental engineering solutions across two primary business segments: FLOW (Filtration of Liquids and Organic Waste), a chemical-free biological water purification technology that utilizes microalgae strains to extract, biosorb, and bioaccumulate heavy metals and contaminants, including zinc, copper, lead, cadmium, uranium, and boron, from industrial wastewater and process streams; CLAS (Closed-Loop Aquaculture System), a proprietary, modular, land-based cultivation platform engineered for the sustainable, precision-controlled, and scalable cultivation of macroalgae biomass; and technical consulting services, comprising laboratory water composition analyses, feasibility assessments, customized bioprocess design, and pilot-scale industrial purification testing. The company primarily serves industrial manufacturing, mining, metallurgy, forestry, pharmaceutical, cosmetics, and food production enterprises across Sweden and the wider Nordic region. Founded in 2016, Xoma AB is headquartered in Gothenburg, Sweden. In recent developments, the company completed a direct listing of its Class B shares on the Spotlight Stock Market under the ticker XOM B in late 2024. In 2026, Xoma AB executed a major strategic corporate reorganization to streamline operations around its industrial wastewater purification business, spinning off its CLAS cultivation assets into a separate corporate entity, Algonova Bio AB, intended for independent distribution to shareholders. Additionally, the company advanced commercialization through industrial test collaborations with Höganäs AB, achieving an 86 percent reduction of boron in process water, as well as pilot projects with Boliden Rönnskär and District Metals Corp, supported by ongoing applied research partnerships with academic institutions including Umeå University.