Investment and new CEO appointment mark a pivotal step in MTR’s growth, strengthening its leadership in membrane technology and facilitating commercial expansion

NEWARK, Calif.–(BUSINESS WIRE)–Membrane Technology & Research, Inc. (MTR), a global leader in membrane-based separation technologies, today announced it has secured a $27 million equity investment led by Climate Investment, with participation from Hartree Partners. Combined with MTR’s commercially-proven and scalable technology platform, this investment strengthens the company’s position to accelerate global deployment in industrial separations and carbon capture applications.

MTR has appointed John Gatlin as Chief Executive Officer, bringing more than 25 years of leadership experience across the energy sector to guide the company’s next phase of growth and commercialization. Mr. Gatlin most recently served as Chief Operating Officer of Flowco Holdings and previously as President of Estis Compression. He holds a B.S. in Petroleum Engineering from University of Texas at Austin and an MBA in Finance from the Wharton School of the University of Pennsylvania.

In addition, Brett Andrews has been appointed Chief Commercial Officer, where he will lead global sales, marketing, and customer engagement to support MTR’s continued growth and worldwide commercial execution.

John Gatlin, Chief Executive Officer of Membrane Technology & Research, Inc., said: “I’m delighted to join MTR at such an exciting time. With the backing of Climate Investment and Hartree Partners, we are well positioned to accelerate commercial deployment of our proven membrane technology platform. In addition to our highly innovative approach to carbon capture, we see significant opportunity in expanding high-value applications such as BTX aromatics recovery and membrane-based acid gas enrichment for Claus plants.”

Brett Andrews, Chief Commercial Officer of Membrane Technology & Research, Inc., added: “With this investment, we are expanding our commercial reach and supporting customers with scalable, cost-effective solutions across a range of industrial applications. We are seeing strong demand for technologies that can be deployed today, and our membrane systems are well positioned to meet that need at scale.”

Patrick Yip, Managing Director and Head of Growth Equity at Climate Investment, stated: “MTR is a leader in membrane-based separations, with highly compelling applications across a range of industrial and energy markets. We are pleased to support, alongside Hartree Partners, the next phase of MTR’s growth as its solutions are increasingly deployed to help industries achieve meaningful emissions reductions and meet decarbonization goals.”

About Membrane Technology & Research, Inc. (MTR)

Membrane Technology & Research, Inc. (MTR) is a global leader in membrane-based gas and vapor separation technologies, with more than 40 years of innovation and over 450 commercial systems deployed worldwide. MTR develops, manufactures, and supplies advanced membrane solutions that enable efficient, cost-effective separations across a wide range of industrial and energy applications.

MTR operates through two core business divisions: MTR Industrial Separations and MTR Carbon Capture.

MTR Carbon Capture is a leading provider of membrane-based carbon capture systems for power generation and industrial applications. MTR’s Polaris® membrane platform offers a modular, scalable, and cost-effective solution that has been validated through more than 15 years of development in collaboration with the U.S. Department of Energy. This work recently culminated in the design and operation of the world’s largest membrane-based carbon capture system at the Dry Fork Station coal power plant in Wyoming, USA.

MTR Industrial Separations delivers a suite of innovative membrane solutions to the petrochemical, natural gas, and refining industries. Focused on improving process efficiency and reducing energy consumption and emissions, MTR partners with leading global companies to provide high-performance separation technologies across critical industrial applications.

For more information, visit www.mtrinc.com and www.mtrccs.com

About Climate Investment

Climate Investment (CI) is an independently managed specialist investor focused on driving industrial decarbonization. The firm provides venture and growth equity capital to innovative companies and partners with industry to accelerate market adoption, create value for infrastructure owners, and deliver measurable greenhouse gas (GHG) impact.

Since its founding in 2017, CI has invested in more than 40 climate technology companies across energy, transportation, buildings, and industrial sectors. Collectively, these investments have contributed to approximately 133 million tonnes of CO₂e emissions reductions between 2019 and 2024.

Climate Investment was founded by member companies of the Oil & Gas Climate Initiative (OGCI), which have invested in CI funds and deployed many of its portfolio innovations to support early commercial development.

For more information, visit www.climateinvestment.com

About Hartree Partners

Hartree Partners is a leading global merchant commodities firm specializing in energy and associated industries. Established more than 25 years ago, the firm is jointly owned by its senior management and funds managed by Oaktree Capital Management.

Hartree has a long-standing track record in proprietary trading and investing across global energy markets. The firm leverages deep expertise in commodity market dynamics and risk management to develop and execute successful trading and investment strategies.

Today, Hartree employs more than 700 people, with approximately 1,000 additional associates across its operating companies, and maintains a strong balance sheet to support trading and principal investment activities.

For more information, visit www.hartreepartners.com

Contacts

Media Contact
Membrane Technology & Research, Inc.
Mary Alice Sanchez
Email: ccscommunications@mtrinc.com
Phone: +1-650-543-4690

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