Day: April 4, 2022

Why NGP ETP Invested in Via Separations

In October 2021, NGP ETP led the $38 million Series B financing in Via Separations (“Via”). In the US, roughly 15% of energy is consumed by industrial separation processes, roughly the same amount of energy as all the gasoline used for transportation.[1] While there is a path to reducing transport emissions by switching from gas to electric (with batteries charged from renewable energy), the transition from low-efficiency thermal separation (using heat for evaporation, distillation, and drying) does not have a