IHS Chemical Week

EnviroTech :: Innovation

Aramco becomes equity investor in technology firm Siluria, studying project

10:02 AM MDT | August 20, 2014 | Natasha Alperowicz

Siluria Technologies (San Francisco) announced today that Saudi Aramco's venture investment subsidiary has become an equity investor in Siluria, a pioneer in commercial production of fuels and chemicals from natural gas. Siluria has announced the initial close of its D-series financing round, which was led by the venture subsidiary and included additional investments by all of the major existing investors in Siluria. The financing round has raised $30 million. Saudi Aramco, the world's leading fully integrated energy and chemical enterprise, is looking...

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