• Siluria Technologies

  Led · Series E · Jul 2016

  Siluria Technologies develops process technologies that convert natural gas into fuels and commodity chemicals. The company is pioneering commercial production of fuels and chemicals made from clean, abundant natural gas and is based in San Francisco, CA. Its Oxidative Coupling of Methane process directly converts methane into ethylene, and a second process converts ethylene into liquid fuels such as gasoline, diesel, or jet fuel. Siluria intends to use the funds from the Series E to expand its technology reach into additional downstream markets. The company is led by Interim CEO & President and co-founder Erik Scher. In July 2016 Siluria raised over $45M in a Series E financing. Siluria Technologies develops process technologies for the petrochemical value chain, centered on an Oxidative Coupling of Methane process that aims to convert methane directly to ethylene and downstream liquid fuels. The company is pioneering commercial production of fuels and chemicals from abundant natural gas feedstocks. Siluria is led by President and CEO Ed Dineen and is based in San Francisco, CA. It intends to use the new funds to continue to expand operations. The firm has raised over $50M in total to date. The technology roadmap focuses on scaling the methane‑to‑ethylene route toward commercial fuels and chemical production. Siluria Technologies develops fuels and chemicals from clean and abundant natural gas using a proprietary catalytic process. The process transforms natural gas into transportation fuels and commodity chemicals and is designed to integrate into existing industry infrastructure. The company has created a portfolio of process configurations with applications in upstream and midstream gas processing as well as downstream chemicals production and refining operations. Siluria is led by CEO Ed Dineen and is based in San Francisco, CA. Financially, the company held a $30M initial close of a $50M Series D financing round. The round was led by Saudi Aramco Energy Ventures with participation from existing investors. Siluria develops a catalytic process that converts methane from natural gas into ethylene, which can then be turned into transportation fuels, industrial chemicals, or plastics. The company claims to be the first to offer a commercially viable alternative to petroleum-derived feedstocks. It plans to use the new funding to build two pilot-scale reactors and a commercial plant to scale the technology. Siluria has attracted significant investor interest but faces pressure to commercialize given the amount of capital deployed. The articles note the company has received over $63 million in funding to date. Company executives argue the economics remain attractive because natural gas is far cheaper than oil, making products from Siluria’s process competitive even if oil prices fall. Siluria Technologies has developed a platform that directly converts methane into fuels, chemicals, and plastics by integrating nanotechnology, biotechnology, and chemical engineering. Its process activates methane to produce the same high-value products normally derived from oil while remaining compatible with existing industrial infrastructure. The company says the approach requires less energy and reduces greenhouse gas emissions compared with conventional petrochemical processes. Siluria is moving its proven innovations beyond the lab toward pilot-scale deployment in close dialogue with large chemical and fuel companies. The company is based in San Francisco and was founded in 2008 on MIT-licensed technology developed by Dr. Angela Belcher. Financially, Siluria has secured a $20 million Series B to advance commercialization and scaling of its platform.

No current team members are available.