Titanium dioxide photocatalytic systems (like Purifics), UV/peroxide, Fenton's reaction, ozone/peroxide and other chemical/advanced oxidation water treatment systems aren't new technologies- most of them have been around for at least 20-30 years and some of them have hundreds of installed systems worldwide. However, all of them are generally economically limited to a practical upper maximum level of 1000 mg/L of any particular organic species in water- unless your disposal costs are enormous and no other method of source contamination reduction will work. And there are lots of compounds which oxidize very poorly. A general rule of thumb: if the contaminant compound has at least one multiple bond or ring, or contains oxygen nitrogen or sulphur, it may be a good candidate for oxidation by one method or another (i.e. trichloroethylene, benzene, ethers etc. are usually easily oxidized by these methods). If it doesn't, chances are it isn't a good candidate- i.e. carbon tetrachloride is virtually impossible to treat by oxidation. See Calgon Carbon's oxidation technologies group or
both of whom compete with Purifics.
At 5% organics (i.e. ~ 50,000 mg/L), you'll have to do something else, including some physical means of separation if any of the solvents are less than miscible with water.
First things first: consider source reduction. Can you stop the solvents from entering the water in the first place?
Second: filter and do some good oil/water separation. This may reduce your problem considerably on a mass basis. Options to consider include oil/water separators with skimmers, centrifuges, dissolved air flotation, coalescing filters etc. All will return liquid product with less energy input than distillation.
Once you're sure that only dissolved or well-emulsified materials remain, your options include activated carbon treatment, air or steam stripping, pervaporation, distillation, and oxidation methods as mentioned before. If only a modest mass of relatively low-solubility compounds remain, then activated carbon is a good bet. If the compounds are volatile and non-miscible, consider air stripping with vapour phase carbon or a thermal or catalytic oxidizer on the offgas- i.e. burn the compounds, not the water!
If the compounds are water-miscible, they might be amenable to biodegradation- a good process for cheap removal of lots of mass, but only if it's degradable and not toxic enough to kill the bugs outright- provided you can wait that long and you have the labour to operate the plant.
Any of this will cost money. The best return on investment is usually at the entrance to the process (i.e. waste reduction), not at the end of the waste disposal pipe.