A New Orleans company that provides technologies for remediating environmental contamination launched in New Orleans on Thursday. NanoFex, LLC is based on technology developed at Tulane University that uses Louisiana cane sugar and crab and crawfish shells to create particles that can be injected into the ground to fight soil and groundwater contamination.
The firm is headquartered at the New Orleans BioInnovation Center.
The local economy will benefit as NanoFex and other startups are able to turn university research into commercially viable products, according to Aaron Miscenich, president of the BioInnovation Center.
"The economic impact that Louisiana will receive from commercializing technology in-state will be evidenced by increased innovation, involvement of our nation's business and academic leaders, and jobs," Miscenich said. "Thanks to the commitment of biotech start-ups like NanoFex, our economy has a new pillar of support."