Deals

Vaperma, for removing water from ethanol, raises CDN $21.5M

Vaperma is a Quebec City, Canada based company that makes dewatering systems for ethanol producers.

Water is a by-product of ethanol production, and must be removed before the product is finished. Vaperma’s specialized membranes can selectively drain the water away, a method the company says is cheaper than distillation columns or chemical dryers.

The CDN $21.5 million funding (about USD $23.1 million) was led by Low Carbon Accelerator Limited. Also participating were Volvo Technology Transfer Corporation, BDC Capital, Emerald Technology Ventures, and Fons d’investissement en developpement durable (FIDD).

blog comments powered by Disqus