Bioremediation is in fact ...

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Bioremediation is in fact one of the best options.  However, you need to verify the nature of effluent which, understandably is different for a variety of industries.  Once this is done, you need to also ascertain the compounds that you wish to tackle.  There are different strains of bacteria and even fungal applications you can opt for.  So, you need to be pretty specific lest you may get disappointed.