SAN FRANCISCO, CA--(Marketwired - Feb 19, 2014) - Siluria Technologies announced today it has been selected for the second time to MIT Technology Review's 50 Smartest Companies, an annual list of the world's top innovative companies with disruptive technology most likely to change our lives. This designation along with other recent awards including the 2013 Global Cleantech 100, produced by the Cleantech Group further validates the uniqueness and impact of Siluria's achievements and progress.
"We are truly honored by this recognition. To be included with a diverse array of innovative industry leaders such as: Tesla Motors, GE, Amazon, Siemens, IBM, Samsung, Salesforce.com; is a great honor and affirms the disruptive nature of our technology platform," said Siluria CEO Ed Dineen. "Our direct natural gas conversion technology will be applied across the energy spectrum. Siluria enables superior economics based on abundant feedstock for today's global chemical and fuel industries, and provides transformative capabilities with disruptive applications in key markets including exploration and production, natural gas midstream and chemicals production."
"Siluria's technology is a real game changer that will transform today's hydrocarbon economy, which is built predominantly around the refining of petroleum," said Jay Kouba, former executive of BP, "Siluria has a proven technology and enables the chemical and fuel industries to tap into abundant and low cost natural gas."
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 worldwide 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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