Siluria Technologies and Saudi Aramco Technologies Company join forces to maximize chemicals production
SAN FRANCISCO, June 13, 2018 (GLOBE NEWSWIRE) -- Saudi Aramco Technologies Company, a subsidiary of the world's largest oil company, and Siluria Technologies, a leader in disruptive process technologies for the petrochemical and energy industries have executed a multi-plant technology license for the integration of Siluria's proprietary technology (natural gas to olefins) with Saudi Aramco's high-olefins cracking process technology.
Siluria's natural gas-to-olefins technology, based on oxidative coupling of methane chemistry, is available for license in stand-alone configurations, as well as integration within a wide range of existing process plants; including steam crackers, propane dehydrogenation units, oil refineries, and methanol plants. By integrating Siluria's technology with existing facilities, operators can upgrade their methane-containing by-product streams from fuel to chemical value, improving carbon efficiency and production rates.
Robert Trout, Siluria's President and CEO said, "Converting methane containing off-gases to higher value chemicals adds meaningful economic value, while plant integration can deliver excellent capital efficiencies. We are thrilled to be working with a company like Aramco towards some of the largest and most technologically advanced petrochemical facilities the industry has ever seen."
"As we engage more customers around the world, our clients are helping to discover new and exciting ways in which our technologies can be used to improve the economics, operability, and environmental footprint of their existing process plants," added Trout.
Ahmad Al Khowaiter, Chief Technology Officer of Saudi Aramco commented, "Maximizing the output of high-value chemicals products from our future crude oil processing projects is one of the key objectives in our downstream technology strategy."
He continued, "We see a strong fit with Siluria's "gas to olefins" technology in certain plant configurations, and look forward to collaborating further with Siluria to realize the value of these processes."
Siluria Technologies is pioneering the commercial production of fuels and chemicals made from abundant natural gas and low value byproducts. Siluria's proprietary technologies address the global petrochemical industry's complex challenges of volatile commodity prices, shifting supply and demand patterns, stricter environmental regulations, and capitally intensive conventional technologies. Siluria's revolutionary catalyst and process technologies uniquely combine nanomaterials, catalyst development, and chemical engineering, to convert natural gas into higher-value products through efficient processes that can be seamlessly integrated into existing industry infrastructure.
For more information about Siluria, visit www.siluria.com
About Saudi Aramco
Saudi Aramco is a world leader in integrated energy and chemicals, driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world's crude oil supply to developing new energy technologies, our global team creates positive impact in all that we do. We focus on making our resources more sustainable and more useful, which promotes long-term economic growth and prosperity around the world.
Siluria Technologies Beverly Jernigan +1(713)494-1733 email@example.com Contact Saudi Aramco International Media Relations Email: firstname.lastname@example.org
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ba40bd87-c5dd-46da-9cba-832eae091fb1
Information om Globenewswire
Følg pressemeddelelser fra Globenewswire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Globenewswire
ThalesNano Inc.18.10.2018 15:23 | pressemeddelelse
Partnership Between Zaiput Flow Technologies and ThalesNano Set to Improve Process Intensification
Abeona Therapeutics Inc.18.10.2018 14:04 | pressemeddelelse
Abeona Therapeutics Appoints João Siffert, M.D. Head of Research and Development and Chief Medical Officer
Biome Grow18.10.2018 13:31 | pressemeddelelse
Biome Grow Announces Listing on the Frankfurt Stock Exchange under symbol 60TA
Euro Manganese Inc.18.10.2018 04:02 | pressemeddelelse
UPDATE - Euro Manganese Inc. Closes Plant Site Option Agreement and Provides Operational Update
Euro Manganese Inc.17.10.2018 22:59 | pressemeddelelse
Euro Manganese Inc. Closes Plant Site Option Agreement and Provides Operational Update
Meizu Technology ltd17.10.2018 15:15 | pressemeddelelse
Meizu officially launches its Overseas smartphone
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum