Siluria Secures Demo Facility Funding For Nat Gas to Chems/Fuels Process

摘要

San Francisco-Siluria Technologies has raised $30-million in Series C funding, which will be used to finance the construction of a demonstration unit aimed at commercializing its technology for converting natural gas into commodity chemicals and transportation fuels. Bright Capital and Vulcan Capital led the round of funding to join existing investors in Siluria, which to date has raised $63.3-million. Rather than break down the complex mixture of hydrocarbons in oil to produce chemicals and useable fuels, Siluria explained that its technology builds these products from methane. The process is fully scalable and uses commercially available equipment.