Vinson & Elkins advised Saudi Aramco Technologies Company in the execution of a multi-plant technology license with Siluria Technologies for the integration of Siluria’s proprietary technology (natural gas to olefins) with Saudi Aramco’s high-olefins cracking process technology.
Saudi Aramco Technologies Company, a subsidiary of the world’s largest oil company, and Siluria Technologies, a leader in disruptive process technologies for the petrochemical and energy industries have 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 by-product streams from fuel to chemical value, improving carbon efficiency and production rates.
Siluria Technologies is pioneering the commercial production of fuels and chemicals made from abundant natural gas and low value byproducts. Siluria’s proprietary technologies address the global petrochemical industry’s complex challenges of volatile commodity prices, shifting supply and demand patterns, stricter environmental regulations, and capitally intensive conventional technologies.
Saudi Aramco is a world leader in integrated energy and chemicals, driven by the core belief that energy is opportunity.
The V&E team was led by partners Wes Jones (Picture) and Devika Kornbacher and senior associate Alan Alexander. Also advising were associates Michael Gibson and Caroline McDonald.
Law Firms: Vinson & Elkins LLP;
Clients: Saudi Aramco Technologies;