Climate Investment leads $27-MM Series B investment in Membrane Technology and Research (MTR) to scale its use in industrial applications
- Hartree Partners has joined Climate Investment as a participating investor, catalyzing MTR’s industrial membrane platform and long‑term growth trajectory.
Membrane Technology and Research (MTR), a global leader in membrane-based industrial gas separations with applications in petrochemicals, oil and gas production, power generation, carbon capture and other major industries, has raised a $27-MM Series B investment round led by Climate Investment, with participation from Hartree Partners. This funding will enable MTR to continue its leadership in membrane research and development, expand manufacturing capacity, and accelerate the deployment of its fully commercialized membrane technologies that provide economical solutions for hydrocarbon recovery, hydrogen separation, natural gas sweetening, and fuel gas conditioning.
Scaling next‑generation industrial separation membranes. Founded in 1982, MTR designs, manufactures, and sells advanced membrane systems for industrial separations and carbon capture. With more than 450 separation systems installed worldwide and a portfolio exceeding 150 patents, MTR combines decades of commercial experience with deep technical expertise. The company continues to push the boundaries of membrane science—developing novel materials and systems for emerging gas and liquid separation needs across a wide array of industries.
MTR separation systems offer substantial CAPEX and OPEX savings over legacy separation technologies, often with short payback times. The lower energy use associated with membrane separations also enables significant GHG emissions reductions. MTR’s technology pipeline includes next generation membranes targeting aromatics purification, H₂S and CO₂ separations, and point source carbon capture.
Backed by the financial support of Climate Investment and Hartree Partners, MTR is positioned to accelerate commercialization of these innovations and extend its leadership across an expanding set of industrial applications.
Appointing John Gatlin as Chief Executive Officer. In conjunction with its Series B raise, MTR announced the appointment of John Gatlin as Chief Executive Officer. Gatlin brings more than two decades of leadership across the energy value chain including energy services, production technology, and manufactured equipment solutions. Most recently, he served as Chief Operating Officer at Flowco Holdings, an energy services company specializing in production optimization, artificial lift, and methane abatement solutions where he played a pivotal role in scaling operations to generate profitable growth.
Brett Andrews will serve as Chief Commercial Officer of MTR, where he will build on his successful record of developing high-performance commercial organizations and leading the expansion of technical sales capabilities.
Patrick Yip, Managing Director & Head of Growth Equity, Climate Investment “Membrane technologies offer a highly energy-efficient and compelling cost-effective industrial gas separation alternative to conventional gas separation methods, and MTR has been at the forefront of this shift—commercializing industrial membrane solutions since the 1980s. As one of the early innovators in industrial decarbonization, MTR has helped create the foundation for today’s low carbon processing technologies. We are thrilled to support the company through our Decarbonization Acceleration Fund, in its next phase of growth and to work alongside our LPs to accelerate expansion into new markets, industries, and high impact applications.”
George Potts, Head of Hartree Partners technology investment business “We have long recognized MTR’s leadership in energy efficient gas separation technologies, and we are delighted to support the MTR team to deliver the next generation of membrane technologies into a globally important industrial customer base.”
John Gatlin, Chief Executive Officer, Membrane Technology & Research, Inc. said, “MTR has a peerless reputation for quality, performance, and innovation. This investment enables us to scale up our manufacturing and service delivery capabilities in order to provide high performance, cost-effective gas separation and carbon capture solutions to more customers throughout the world.”
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