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Petrochemicals
McDermott buys Siluria for oxidative methane-coupling technology
by Alexander H. Tullo
August 9, 2019
| A version of this story appeared in
Volume 97, Issue 32
Credit: Siluria
The deal includes this pilot plant in La Porte, Texas.
The engineering firm McDermott has purchased the San Francisco–based start-up Siluria Technologies. Founded in 2008, Siluria develops catalysts for oxidative coupling of methane into ethylene, a process seen as an improvement over the energy-intensive cracking of ethane or naphtha. Siluria raised $45 million in financing in 2016 and signed a licensing deal with Saudi Aramco last year. With the purchase, McDermott gets Siluria’s intellectual property and a demonstration plant that opened in La Porte, Texas, in 2015.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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