Maire Technimont, Siluria to jointly develop natural gas-based technologies
Maire Tecnimont S.p.A. and Siluria Technologies have entered into a joint collaboration agreement (JCA) to combine their respective technologies and expertise to bring to the marketplace a unique process to convert natural gas directly into commodity chemicals and their derivative products.
The collaboration will capitalize on Maire Tecnimont’s international competencies in engineering and construction, technology licensing and new business development, combined with Siluria’s technology development platform, to offer a unique, high-value solution to petrochemical customers.
The new product offering will expand Siluria’s portfolio beyond its current solutions focused on gasoline and ethylene to address an even larger share of the global petrochemical and energy market.
In conjunction with the signing of the JCA, Maire Tecnimont has made a minority investment of $10 MM in Siluria’s share capital through the Series E financing round.
Siluria has raised over $40 MM in equity through the Series E offering since last November. Maire Tecnimont is also part of Siluria’s existing base of strategic investors including, among others, Saudi Aramco and the National Petrochemical Industrial Company (NATPET).
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