Siluria Technologies, a pioneer in the commercial production
of fuels and chemicals made from natural gas, has entered
into a collaboration agreement with gases and engineering
company The Linde Group.
The primary objective of the agreement is to combine each
company's technologies and expertise into an optimized and
integrated package, which Linde would license to the petrochemicals
industry for both
revamps or expansion
s at existing ethylene
plants and for new world-scale ethylene plants.
"We are extremely pleased to enter into this partnership,"
said Andrea Redford, director of EPC partnering and capital
s at Siluria. "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."
Over the past six months, Linde says it has completed a
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 partnership.
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
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," said
Ed Dineen, CEO of Siluria Technologies. "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.
"We look forward to a mutually highly beneficial long term
partnership with Linde."
The companies expect to offer 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.