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).
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.