The Vancouver-based company is the only Canadian company to receive a World Economic Forum award.
VANCOUVER, British Columbia - Ostara Nutrient Recovery Technologies, a nutrient recovery solutions company, was named one of the World Economic Forum’s (WEF) 2011 class of Technology Pioneers. Ostara is the only Canadian company to receive this global award this year, and one of only three water-related companies to be honored.
According to the WEF, this year’s Technology Pioneers represent 31 of the most innovative technology start-ups from around the world who provide cutting-edge innovation and are poised to have a critical impact on the future of business, industry and society. The entire list of Technology Pioneers, with profiles and selected video interviews with their CEOs, founders and chief scientists, can be found at www.weforum.org/techpioneers.
Ostara was recognized for its Pearl Nutrient Recovery Process, which recovers nutrients such as phosphorus and ammonia from wastewater and transforms them into an environmentally friendly fertilizer sold under the brand name Crystal Green. This process protects waterways, conserves natural resources and saves wastewater treatment facilities money.