Via Separations has raised $36 million in new funding to accelerate commercial deployments and expand its technology into the refining and chemicals sectors. The round includes participation from new investors Climate Investment, Aramco Ventures, and Marathon Petroleum Corporation, alongside existing backers.
The funding will support the rollout of Via’s modular filtration platform, which replaces traditional heat-based separation processes with a membrane-driven system. These thermal processes account for roughly 12 percent of global energy use, and Via’s technology aims to cut energy consumption at the separation stage by up to 90 percent while lowering costs and emissions.
The company has already demonstrated commercial success in the pulp and paper sector, including nearly two years of continuous operation at a mill in Alberta, Canada. With this foundation, Via is now targeting the significantly larger refining and chemicals markets, where it has a growing pipeline of commercial projects and has completed pilot work at a Gulf Coast refinery.
Founded as a spinout from Massachusetts Institute of Technology, Via Separations focuses on electrifying industrial processes traditionally dependent on heat. The company’s systems are designed to integrate directly into existing infrastructure, enabling operators to improve efficiency, increase uptime, and reduce emissions without major facility overhauls.
The new capital will also be used to expand manufacturing capacity and accelerate global adoption of its membrane-based separation technology.
KEY QUOTES:
“Via’s 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.”
Tibor Toth, Senior Investment Director, Aramco Ventures
“Thermal separations represent one of the largest and least-addressed sources of industrial energy consumption. Via’s 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.”
Mike Bishop, Investment Director, Climate Investment
“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.”
Shreya Dave, CEO, Via Separations
