Membrane Technology & Research Secures $27 Million Funding, Appoints New CEO

Membrane Technology & Research (MTR) has successfully secured $27 million in Series B funding, with Climate Investment leading the round. This capital is intended to support the expansion of MTR's membrane systems, which are used in various industries including natural gas processing and carbon capture. Concurrently, the company announced John Gatlin as its new chief executive, aiming to boost commercialization and global market presence.