Maire Tecnimont, Siluria jointly develop natural gas technologies

Maire Tecnimont, Siluria to jointly develop natural gas technologies

8:59 AM, 2nd June 2016
Maire Tecnimont, Siluria to jointly develop natural gas technologies

MILAN, ITALY: Maire Tecnimont SpA and Siluria Technologies Inc 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.

In conjunction with the signing of the JCA, Maire Tecnimont has made a minority investment of $10 million in Siluria’s share capital through the Series E financing Round.

Maire Tecnimont is proud to be part of Siluria’s existing world-class base of strategic investors including, among others, Saudi Aramco and the National Petrochemical Industrial Company (NATPET).

“This collaboration capitalizes on Maire Tecnimont’s international competencies in engineering and construction, technology licensing and new business development. We are eager to combine these core strengths with Siluria’s ground-breaking technology development platform to offer a unique, high-value solution to petrochemical customers,” said Pierroberto Folgiero, CEO of Maire Tecnimont.

“This new product offering will expand Siluria’s portfolio beyond our current solutions focused on gasoline and ethylene, to address an even larger share of the global petrochemical and energy market. Furthermore, partnering with Maire Tecnimont, a recognized leader in engineering, construction, technology licensing and new project development, provides a worldwide platform for commercialization,” said Erik Scher, interim CEO and president of Siluria.

© Worldofchemicals News


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