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Petrochemicals

McDermott buys Siluria for oxidative methane-coupling technology

by Alexander H. Tullo
August 9, 2019 | APPEARED IN VOLUME 97, ISSUE 32

 

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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.

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