A method for separating a water soluble noble metal catalyst from a crude reaction product of a noble metal-catalyzed hydroformylation reaction run in aqueous solution, in an aqueous emulsion or as an aqueous suspension, said crude reaction product including an aqueous phase containing a water soluble Group VIII noble metal-ligand complex catalyst, and an organic phase containing unreacted olefin feed and an organic hydroformylation reaction product, which comprises:
- (a) contacting said crude reaction product with a hydrophobic membrane capable of allowing a substantial portion of said unreacted olefin feed and organic hydroformylation reaction product to pass therethrough while retaining a substantial portion of said water soluble Group VIII noble metal-ligand complex catalyst, said hydrophobic membrane is selected from the group consisting of crosslinked bromobutyl rubber membranes and crosslinked copolymers of isobutylene and p-bromomethyl styrene membranes;
- (b) removing unreacted olefin feed and said organic hydroformylation reaction product which passes through said hydrophobic membrane as permeate;
- and (c) retaining said water soluble Group VIII noble metal-ligand complex catalyst as retentate, wherein said hydrophobic membrane retains at least about 99% of said water soluble group VIII noble metal-ligand complex catalyst.