Siluria Technologies, a San Francisco, CA-based developer of fuels and chemicals made from clean and abundant natural gas, held the $30m initial close of a $50m Series D financing round.
The round was led by Saudi Aramco Energy Ventures (SAEV), the venture investment subsidiary of Saudi Aramco with participation from existing investors.
Led by CEO Ed Dineen, Siluria has developed a catalytic process for transforming natural gas into transportation fuels and commodity chemicals using processes that can be integrated into existing industry infrastructure.
The company has created a portfolio of process configurations with applications in upstream, midstream gas processing, downstream chemicals production and refining operations.
FinSMEs
22/08/2014