MemfoACT secured NOK16M from Alliance Venture, Viking Venture, Salvesen & Thams and GLØR.

MemfoACT, a Trondheim, Norway-based manufacturer of an innovative technology that helps with upgrading of biogas and separation of other gases, announced closing in a NOK 16M ($2.74M) capital investment round.

The funding was supported by Norwegian investors, including GLØR, Viking Venture, Salvesen & Thams and Alliance Venture.

MemfoACT was founded in August 2008 as a joint venture between NTNU Technology Transfer (TTO) and the entrepreneurs professor May-Britt Hägg, PhD Jon Arvid Lie and PhD Arne Lindbråthen. The company built a proprietary technology for upgrading of biogas and separation of other gases and intends to produce carbon membrane modules and sell biomethane production units to existing biogas plants. The new carbon membrane solution makes it possible to use waste as fuel for such as trucks, buses and cars.