Siluria Technologies inks deal with Saudi Aramco for high-olefins cracking process technology
Saudi Aramco Technologies Company and Siluria Technologies 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 byproduct streams from fuel to chemical value, improv- ing 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.”
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.”