SOURCE: Siluria Technologies

March 03, 2014 15:49 ET

Siluria Technologies Participates in Key White House, GE Bloomberg Energy 2020 Policy Meetings

SAN FRANCISCO, CA--(Marketwired - Mar 3, 2014) - Executives from Siluria Technologies, a pioneer in the commercial production of fuels and chemicals made from clean, abundant natural gas, participated in two important meetings in Washington, D.C., this past week on the expanding role of natural gas in the global economy.

Siluria's CEO Ed Dineen spoke at Energy 2020, an event sponsored by Bloomberg and General Electric. One key theme of the event was "Enabling the Age of Gas" and Dineen's talk addressed the audience on how Siluria's technology will become a vehicle for using the world's resources in a more efficient manner. Siluria Technologies was the only natural gas technology company chosen to present at this forward-looking energy policy event. Other speakers included GE CEO Jeffrey Immelt, North Dakota Governor Jack Dalrymple, Colorado Governor John Hickenlooper, Mayor Rahm Emanuel of Chicago, and Matt Rose, Executive Chairman of BNSF Railway Company.

"We were very pleased to participate in this very prestigious group and forum, and to have the opportunity to show how Siluria can play a key part in the utilization and upgrading of natural gas resources and assets," said Dineen.

Later in the week Siluria's Vice President of Corporate Development, Rahul Iyer, met with leaders at the White House to discuss Public Private Partnerships and America's Energy Future. The meeting was attended by a number of Administration officials including Department of Energy Secretary Ernest Moniz and Assistant Secretary David Danielson. Other notable industry participants included Daniel Yergin, Vice Chairman of IHS, Raymond Kilmer, Executive Vice President of Alcoa, Jim Bruce, Vice President of UPS, Mark Wagner, Vice President of Johnson Controls and Ethan Zindler, Head of North America at Bloomberg New Energy Finance.

"It was a privilege to contribute to the dialog and we welcomed the opportunity to discuss the strategic value Siluria's technology can add to the American energy and manufacturing landscape," said Iyer. The event was coordinated by Business Forward, an organization of business leaders from across America formed to advise Washington policy makers on how to create jobs and accelerate our economic recovery. Iyer is an active member of the Local Leadership Council.

Siluria has developed a catalytic process for efficiently and economically transforming natural gas -- the most abundant hydrocarbon on earth -- into liquid fuels, plastics and chemicals. Siluria's Oxidative Coupling of Methane (OCM) dramatically reduces the cost, complexity and emissions associated with creating higher-value hydrocarbons. Siluria estimates that its process could save some chemical manufacturers up to $1 billion a year in capital and operating costs with its process.

Recently, Siluria and Braskem, a leading producer of thermoplastic resins in the Americas, have entered a joint relationship to explore commercialization of the technology and create a commercial-scale demonstration plant, which will begin operation later this year. 

About Siluria:
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.

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