Ethylene Siluria and Linde Announce Ethylene Technology Partnership
Siluria Technologies, a pioneer in the commercial production of fuels and chemicals made from clean and abundant natural gas, and The Linde Group, a world-leading gases and engineering company, announced that they have entered into a collaboration agreement.
San Francisco/USA; Munich/Germany – The primary objective of the agreement between the two companies is to combine the respective company’s technologies and expertise into an optimized and integrated package which Linde would license to the petrochemicals industry for both revamps or expansions at existing ethylene plants and for new world scale ethylene plants.
Over the past six months Linde has completed an extensive technical and economic diligence process on Siluria’s oxidative coupling of methane (OCM) technology, which catalytically converts methane directly to ethylene. The success of this joint diligence effort resulted in the formation of this strategic relationship. The companies have formed joint teams, which will fully integrate the company’s respective technologies and collaborate through the final scale-up and demonstration of the OCM technology at the previously announced demonstration plant that Siluria is constructing at Braskem’s site in La Porte, Texas.
OCM technology for a wide range of applications“Our technology platform can enable a diverse set of opportunities ranging from solutions to flared gas, to large scale gas monetization, to specific industry applications such as refining and LNG terminals. However, our top two priorities are the ethylene industry and the Midstream or gas processing industry. So establishing this partnership with the top technology provider in the ethylene business at such an important time in the industry is a great fit for us,” said Ed Dineen, CEO of Siluria Technologies. “We look forward to a mutually highly beneficial long term partnership with Linde.”
The companies expect to be offering the technologies to the broader ethylene industry in the second half of 2015. Siluria is currently engaged in feasibility studies with selected operating companies in the ethylene industry focused on the initial commercial deployments.