Methane-to-Ethylene Startup Siluria Raises $30 Million, Seeks Plant

Siluria Technologies (San Francisco), a startup developing catalyst technology to convert natural gas into chemicals, including ethylene, says it has raised $30 million in a Series C financing round. The money will be used to help fund construction of a demonstration plant and support for commercialization. New investors Bright Capital and Vulcan Capital led the round, and all of the company’s existing investors—Arch Venture Partners, the Wellcome Trust, Alloy Ventures, Kleiner Perkins Caufield & Byers, Lux Capital, Altitude Life Science Ventures...

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