Siluria Technologies closed a $30 million Series D financing round led by Saudi Aramco Energy Ventures (SAEV), the venture investment subsidiary of Saudi Aramco. With this initial Series D financing, Siluria has raised just under $100 million since its inception. Siluria is currently in discussions with additional strategic and financial investors to complete a total Series D financing of approximately $50 million.
Siluria has developed a catalytic process for transforming natural gas into transportation fuels and commodity chemicals in an efficient, cost-effective, scalable manner using processes that can be seamlessly integrated into existing industry infrastructure.
Recently, Siluria announced a partnership with The Linde Group, a world leading gases and engineering company, to offer an integrated package combining Siluria’s technology with Linde’s separations and recovery systems for licensing to the petrochemical industry at existing ethylene plants or for new world scale ethylene plants.