Braskem SA (BAK), Latin America’s largest petrochemical maker, agreed to help Siluria Technologies Inc. bring to market a novel process for making ethylene from methane, the largest component of natural gas.
Siluria is building a demonstration plant at Braskem’s site in La Porte, Texas, to show how oxidative coupling of methane, or OCM, can produce ethylene, the most used petrochemical and a key ingredient in plastics, the companies said today in a statement. The $15 million factory should open in the fourth quarter, Siluria Chief Executive Officer Ed Dineen 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,” Fernando Musa, CEO of Sao Paulo-based Braskem’s U.S. unit, said in the statement.
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