Siluria Technologies and Braskem America to Collaborate on Siluria's
Breakthrough Technology to Convert Natural Gas Directly to Ethylene
SAN FRANCISCO, CA and PHILADELPHIA, PA -- (Marketwired) -- 01/15/14
-- Siluria Technologies, a pioneer in the commercial production of
fuels and chemicals made from clean, abundant natural gas, and
Braskem, a leading producer of thermoplastic resins in the Americas,
have formed a broad-ranging collaboration around the deployment of
Siluria's proprietary oxidative coupling of methane (OCM) technology
for the direct conversion of methane in natural gas to ethylene.
Under the collaboration, Siluria and Braskem will jointly explore
commercial deployment of Siluria's technology for supplying ethylene
to Braskem. In particular, the two companies will conduct a joint
feasibility study to identify commercial deployment opportunities of
Siluria's technology at Braskem's ethylene consuming plants. The
collaboration also provides for certain non-exclusive technology
license options for the world-scale deployment of Siluria's
technology by Braskem, as well as opportunities for Braskem to be a
purchaser of ethylene produced from future Siluria plants, and rights
for Siluria ownership participation in Braskem commercial projects
using OCM technology. The collaboration is in conjunction with the
previously announced hosting of Siluria's OCM demonstration plant by
"We are very pleased to be working with a world leader in olefins and
derivatives manufacturing in Braskem," said Siluria CEO Ed Dineen.
"Their industry expertise, substantial footprint and aspirations for
growth make them an ideal first partner in Siluria's multiple-partner
strategy to deploy our technology across the chemicals, fuels and
natural gas processing industries."
"Braskem is pursuing the growth of our business in the Americas and
globally," said Braskem America CEO Fernando Musa. "We believe the
Siluria technology can play an important part in our growth strategy
as well as potentially strengthening our current asset base."
Siluria's OCM technology provides a novel process for the conversion
of methane from natural gas to ethylene and liquid fuels. The
flexibility of the technology provides multiple high-value
opportunities for the deployment across multiple industry segments.
Siluria plans to deploy its OCM technology in a range of commercial
settings, including existing ethylene producing plants, at ethylene
consuming sites, upstream gas monetization, natural gas midstream
plants, as well as world-scale grass roots deployments. The
technology's use of commonly available natural gas as feedstock,
compatibility with existing industry operations, as well as its
relative simplicity and energy efficiency provide very attractive
economics compared to existing ethylene production processes, like
ethane and naphtha cracking. Additionally, the company's
ethylene-to-liquids (ETL) technology packages are designed to provide
substantial capital, operating cost and product slate advantages over
alternative gas-to-liquids technologies. Siluria's demonstration
plant is expected to be operational by the fourth quarter of 2014.
Siluria Technologies is pioneering the commercial
production of fuels and chemicals made from clean, abundant natural
gas. Siluria's break-through process technology is believed to be the
first commercially viable process to directly convert methane to
ethylene, potentially enabling natural gas to replace petroleum as
the world-wide 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. For more
information, visit www.siluria.com
Braskem is the largest producer of thermoplastic
resins in the Americas and the world's leading biopolymers producer,
manufacturing green polyethylene from sugarcane-based ethanol. With
36 industrial plants in Brazil, the United States and Germany, the
company produces over 35 billion pounds of thermoplastic resins and
other petrochemicals per year, creating more environmental-friendly,
intelligent and sustainable solutions through chemicals and plastics
that improve people's lives.
Braskem is a component of the Dow Jones Sustainability Index Emerging
Markets, the Carbon Efficient Index (ICo2) and the Corporate
Sustainability Index of the BM&FBovespa - Securities, Commodities and
Futures Exchange. Braskem is a member of the United Nations' platform
for more sustainable industries and its sustainability annual report
is rated level A+.
Braskem America is the leading producer of
polypropylene in the United States, with five production plants
located in Texas, Pennsylvania and West Virginia, and a Technology
and Innovation Center in Pittsburgh. Headquartered in Philadelphia,
Braskem America is a wholly owned subsidiary of Braskem S.A. For more
information, visit www.braskem.com
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