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Chemical Week Magazine :: Business & Finance :: United States/Americas

Aramco becomes equity investor in Siluria, studying project

4:39 PM MDT | September 1, 2014 | —Natasha Alperowicz and Rebecca Coons

Siluria Technologies, a San Francisco–based company developing a catalytic process to produce transportation fuels and chemicals from natural gas, has announced that Saudi Aramco’s venture investment arm has become an equity investor. Siluria also reports the initial close of a $30-million D-series financing round, which was led by Aramco and also included all major investors in Siluria. Aramco, Saudi Arabia’s state-owned oil firm, is evaluating use of Siluria’s technology. A feasibility study is under way, and the initial phase would...

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