Riyadh - Mubasher: Saudi Arabia’s Aramco Ventures has participated in a $36 million funding round for US-based deeptech startup Via Separations, alongside Climate Investment and Marathon Petroleum.
The investment will support global deployment of Via Separations’ filtration technology, expand manufacturing, and accelerate adoption across industries, according to a press release.
Shreya Dave, CEO of Via Separations, commented: “By proving our technology commercially in one sector, we’ve built the foundation to scale into the much larger refining and chemicals markets.”
“This investment enables us to deliver more commercial projects across the product portfolio, expand manufacturing capacity, and accelerate global adoption of membrane‑based separations,” the CEO noted.
Meanwhile, the company is scaling into refining and chemicals after proving its technology in the pulp and paper sector, where it has achieved nearly two years of continuous commercial operation in Canada.
From his side, Mike Bishop, Investment Director at Climate Investment, said: “Thermal separations represent one of the largest and least-addressed sources of industrial energy consumption.”
“Via Separations’ innovative membrane platform introduces electrification to processes that have depended on heat for more than a century.”
“By seamlessly integrating into existing industrial infrastructure, the company provides a practical solution for reducing energy consumption, enhancing reliability, and significantly lowering emissions,” Bishop added.
Founded in 2016, Via Separations replaces heat-based separation processes with energy-efficient filtration systems that work with existing infrastructure, cutting energy use at the separation stage by up to 90% and lowering costs and emissions.
