Aramco Ventures participated in a USD 36 mn round for US-based industrial separations player Via Separations, according to a press release. The funding will go toward scaling the startup’s modular filtration platform — as applied to pulp and paper — into the refining and chemicals sectors, improving efficiency and cutting emissions. Other backers include Embark Ventures, The Grantham Foundation for the Protection of the Environment, Massachusetts Clean Energy Center, and Safar Partners.
What they said: “Via Separations’ modular platform addresses a critical step in industrial processing and has strong potential to enhance efficiency and unlock additional capacity within existing refining and chemical assets,” Aramco Ventures Senior Investment Director Tibor Toth said.