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Brazil : BASKEM partners with SILURIA TECHNOLOGIES to produce ethylene from methane
Publish Date : 23-Jan-2014
Brazilian resins giant Braskem will join hands with Siluria Technologies aiming at commercializing a technology developed by Siluria to convert methane in natural gas to ethylene.
As per the deal, Braskem and Siluria will together explore the commercial deployment of the technology involving the oxidative coupling of methane (OCM), to supply ethylene to Braskem.
A joint feasibility study will be conducted by the companies to identify commercial opportunities for utilising Siluria's OCM technology at Braskem's ethylene consuming plants.
Braskem will also host Siluria’s first demonstration plant at its US site in La Porte, Texas. The US$ 15m facility would likely go online by Q4 of 2014.
Fernando Musa, CEO of Braskem’s US unit, Braskem America, said, “This technology is on the leading edge of developments in our industry and is well designed to meet our needs for plentiful, affordable feedstock. We believe the technology can play an important part in our growth strategy as well as potentially strengthening our current asset base.”
Ed Dineen, CEO of Siluria, stated that, “[Braskem’s] industry expertise, substantial footprint and aspirations for growth make it an ideal first partner in Siluria's multiple-partner strategy to deploy our technology across the chemicals, fuels and natural gas processing industries.”
According to the firms, this association includes some non-exclusive technology licence options for the large-scale deployment of the OCM technology by Braskem. It even feature certain opportunities for the Brazilian to be a purchaser of ethylene produced from future Siluria plants and rights for Siluria ownership participation in the South American's commercial projects using OCM technology.
