Strategic agreement provides funding pathway for industrial-scale implementation at petrochemical facilities
New Castle, DE — April 7, 2025 - Ardent Process Technologies (Ardent), an energy and process technology company developing advanced membrane systems for carbon capture and chemical separations, announced today the signing of a Memorandum of Understanding (MOU) with Halftone Investment Partners (Halftone), a leading investor in commercialization-ready industrial technologies.
This agreement marks a major step forward in the commercialization of Ardent’s olefin/paraffin separation technology, outlining the parties' shared intent to deploy the technology in petrochemical production facilities, with broader expansion opportunities across global applications.
The strategic partnership delivers three critical advancements:
Financial support for commercialization of Ardent’s olefins technology at industrial sites
Market validation of facilitated transport membranes (FTMs) for high-value industrial separations.
Creates a clear commercial pathway for future installations and carbon capture technologies to reach market at scale.
Under the MOU, Halftone will provide financial support as Ardent’s technology moves from successful field testing to commercial deployment, helping to bridge the critical scale-up gap that often challenges novel solutions and climate technologies.
“This partnership validates not just our technology, but the strategic path we've taken: modular, capital-efficient, and proven in the field," said Erica Nemser, CEO of Ardent. "We believe it's only a matter of time before our approach becomes the industry standard.”
"Halftone invests in the commercialization of real assets which deliver both financial returns and resource efficiency" said Matt Ginzberg, Founding Partner at Halftone. "Ardent's membrane technology has demonstrated exceptional performance in field tests, and fits precisely with our capital deployment strategy. We are delighted to support its pathway to proliferate globally, transforming industrial separations and creating industrial carbon reductions."
Ardent’s Optiperm™ Olefins system is a compact, bolt-on platform that enables manufacturers to de-bottleneck chemical plants, increase production, and generate more product from existing feedstocks and waste streams. Use cases include recovering valuable polypropylene from reactor purge gas, increasing production by up to 12% while significantly reducing energy use and GHG emissions. The technology has been field-tested and is ready for commercial deployment.
With this MOU, Ardent takes another step towards removing barriers to field deployment pairing breakthrough membrane technology with engineered systems and the capital support needed to scale. As the industry looks for solutions that are ready, replicable, and de-risked, Ardent is proving that a practical path to NPV positive projects and decarbonization isn’t just possible, it’s inevitable
About Ardent Process Technologies
Ardent develops and manufactures advanced membranes for tough chemical separations starting with point-source carbon capture and olefin/paraffin recovery. Its facilitated transport membranes (FTMs) harness the chemistry of the membrane itself rather than relying on pressure or temperature, resulting in low-energy, fully-electrified solutions for applications underserved by incumbent technologies. Ardent's modular, scalable platform is built for performance today and growth tomorrow.
About Halftone Investment Partners
Halftone Investment Partners is a hard asset, infrastructure investment firm, repositioning industrial- and energy-transition businesses to attract lower-cost structured capital, enabling rapid proliferation of real asset, carbon efficient solutions. The firm’s investment strategy unlocks long-term value by aligning capital with de-risked growth opportunities.. Learn more at halftoneinvestors.com
Media Contacts:
Laura Miller
Marketing Director, Ardent
lmiller@ardenttechnologies.com
Frank Bryan
Founding Partner, Halftone
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