|
Linde and Siluria Technologies announce ethylene technology
partnership
June 2, 2014
+ + + 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
today that they have entered into a collaboration agreement. The primary
objective of the agreement 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.
"We are extremely pleased to enter into this
partnership. Linde is clearly one of the leading technology and EPC
service providers to the global ethylene industry. This partnership
strengthens our technology platform and enables a world class go-to-market
licensing strategy," commented Andrea Redford, Director of EPC Partnering
and Capital Projects at Siluria.
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.
"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 oxidative
coupling of methane (OCM) has been ranking for decades as the most
ambitious innovation target in the field of ethylene technology. Linde is
a leading player in this market and is fully committed to work with
Siluria at the aim to broaden the feedstock slate for ethylene
production," said Professor Dr Aldo Belloni, Member of the Executive Board
of Linde AG.
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. "For Linde this exciting technology opens new
business opportunities and is another contributor to our leading position
in olefin technologies," said Dr Samir Serhan, Managing Director of
Linde's Engineering Division.
About Siluria
Siluria Technologies is pioneering the
commercial production of fuels and chemicals made from clean, abundant
natural gas. Siluria's break-through OCM process technology is believed to
be the first commercially viable process to directly convert methane to
ethylene. Siluria's second process technology can convert ethylene to
liquid fuels such as gasoline, diesel or jet fuel. This potentially
enables natural gas to replace petroleum as the worldwide basis for
drop-in fuels, chemicals and plastics. Siluria's revolutionary catalyst
technologies uniquely combine nanomaterials, biotechnology and chemical
engineering, to convert an abundant, ubiquitous, and inexpensive feedstock
into high value, drop-in fuels and chemicals using processes that can be
seamlessly integrated into existing industry infrastructure.
About The Linde Group
In the 2013 financial year, The Linde Group
generated revenue of EUR 16.655 bn, making it the largest gases and
engineering company in the world with approximately 63,500 employees
working in more than 100 countries worldwide. The strategy of The Linde
Group is geared towards long-term profitable growth and focuses on the
expansion of its international business with forward-looking products and
services. Linde acts responsibly towards its shareholders, business
partners, employees, society and the environment - in every one of its
business areas, regions and locations across the globe. The company is
committed to technologies and products that unite the goals of customer
value and sustainable development.
Source:
Dr. Thomas Hagn, The Linde Group,
www.linde.com
Michael Kanellos,
Siluria Technologies,
Kanellos@eastwick.com
|
Worldwide more than
90,000 paid subscriptions
 Worldwide
more than 48,000 subscriptions -
100% one-year direct request
qualification
'What's New' in Upstream, Midstream and
Downstream Products & Services. Circulation 37,000
PennWell
Petroleum Group:
Oil & Gas Journal
Oil & Gas Journal Russia
OGJ_eNewsletter
OGJ-Website-Statistics
Oil, Gas & Petrochem Equipment
Offshore Magazine
Offshore
Russia
Offshore eNewsletter
Offshore
Website Statistics
Oil & Gas Financial Journal
+ + +
For more information, media
kits or
sample copies please contact
Andreas
Sicking
+49 (0)2903-338570
wilhelms@pennwell.com
www.sicking.de
|
