06 March 2013 05:01 [Source: ICIS news]
HOUSTON (ICIS)--US-based start-up Siluria Technologies named Edward Dineen the company's chief executive, the company said on Tuesday.
Before joining Siluria, Dineen was the CEO of LS9, which develops bio-based fuels and chemicals. Prior to LS9, Dineen was the chief operating officer and president of chemicals at LyondellBasell.
Dineen will now oversee Siluria, which develops technology and processes for converting natural gas to chemicals and fuels.
Currently, Siluria has produced ethylene from methane through oxidative coupling. The company's catalysts make the reaction practical.
“Natural gas is the most abundant pure-source hydrocarbon in the world and Siluria is the first company to come up with an economical, practical way to turn it into liquid fuels and chemicals," according to a statement by Dineen.
"Siluria can lower costs for current manufacturers by integrating our technology into existing sites. We can provide a more capital- and cost-effective alternative to new capacity investments while expanding feedstock flexibility. And it can be economically implemented at smaller scale,” he said.
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