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Aramco takes stake in Novomer

1:32 PM MST | January 15, 2014 | Lindsay Frost

Saudi Aramco Energy Ventures (SAEV), the corporate venture subsidiary of Saudi Aramco, has invested into Novomer (Waltham, MA), a developer of chemicals derived from carbon dioxide (CO2) and carbon monoxide (CO), the companies announced last month. Terms of the investment were not disclosed. Novomer has developed two chemical technologies based on proprietary catalysts that facilitate the transformation of CO2 and CO, with propylene oxide (PO) or ethylene oxide (EO) into high-performance industrial products—including polyols and chemical...

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