Developer of a direct chemical process for manufacturing fuels and chemicals made from abundant natural gas and low value byproducts. The company's process technology to produce fuels from the natural gas and directly convert methane to ethylene, while further converting ethylene to liquid fuels such as gasoline, diesel or jet fuel.
Generating Revenue
Privately Held (backing)
Venture Capital-Backed
The company raised $45 million of Series E venture funding in a deal led by National Petrochemical Industrial Company on July 13, 2016, putting the company's pre-money valuation at $336.40 million. Maire Tecnimont, Lighthouse Capital Partners, Alexandria Real Estate Equities, and Air Liquide Global E&C Solutions Germany also participated in the round. The company intends to use the funds to further expand its technology reach into additional downstream markets.
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