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“As a result, that kind of fractionation really doesn’t help you understand either the level of investment very directly, or the impact,” Wayburn said.

It also plans to build two natural gas processing plants and a fractionation unit to separate the various components of NGLs.

During the quarter, the company saw operational records for natural gas pipeline volumes and natural gas liquids fractionation volumes.

But Santorum described the plasma fractionation industry as more interested in keeping shareholders happy than adopting new technologies that would require expensive modifications to their manufacturing lines.

Moving forward, activity-guided fractionation — an old technique for identifying enzymes that involves the iterative separation and biological testing of protein mixtures prepared from natural sources — might return.