The round was led by National Petrochemical Industrial Company, a producer of propylene and polypropylene in Saudi Arabia and a subsidiary of the Saudi joint stock company Alujain Corporation. NatPet joined Fine-Teck from Oman, and Linde from Germany as Siluria’s most recent strategic investors.
The company, which has raised over $50m in total, intends to use the funds to continue to expand operations.
Led by President and CEO Ed Dineen, Siluria is pioneering the commercial production of fuels and chemicals made from clean, abundant natural gas. Its Oxidative Coupling of Methane process technology aims to directly convert methane to ethylene and ethylene to liquid fuels such as gasoline, diesel or jet fuel.
FinSMEs
18/11/2015