SAN FRANCISCO, CA–(Marketwired – Mar 4, 2015) – Siluria Technologies, a pioneer in the commercial production of fuels and chemicals made from clean and abundant natural gas, announced today that Paula Reynolds, current director of Delta Airlines, Inc., BAE Systems plc and TransCanada Corporation, has joined the company as an independent director on the board and will serve as chairperson of Siluria’s audit committee.
“We are honored to have Paula join the board,” said Karl Kurz, Siluria’s chairman. “Her broad executive experience and deep understanding of the energy industry will add an invaluable perspective to the company. We are confident she will make a significant contribution as Siluria commercializes its revolutionary technology.”
“Siluria is a great example of how scientific breakthroughs can be applied to long-standing energy industry challenges,” said Reynolds. ”I look forward to working with the Siluria team to see this technology adopted across the energy processing and chemical manufacturing value chain.”
Ms. Reynolds began her career in the energy business and was an executive in the utility, pipeline and power generation businesses with Pacific Gas and Electric and Duke Energy. She rose to become the chair and CEO of AGL Resources, Inc., a natural gas infrastructure and energy services company. Later, she joined the financial services industry, serving as chair and CEO of Safeco and vice chair and chief restructuring officer at AIG during the financial crisis.
Ms. Reynolds was a former director of Anadarko Petroleum Corporation and Safeco. In 2014, she was honored with the Lifetime Achievement Award by the National Association of Corporate Directors.
About Siluria Technologies
Siluria Technologies is pioneering the commercial production of fuels and chemicals made from clean, abundant natural gas. Siluria’s break through Oxidative Coupling of Methane (“OCM”) process technology is believed to be the first commercially viable process to directly convert methane to ethylene. Siluria’s second process technology can convert ethylene to liquid fuels such as gasoline, diesel or jet fuel. This enables natural gas to potentially supplement petroleum as the worldwide basis for transportation fuels and commodity chemicals. Siluria’s revolutionary catalyst and process technologies uniquely combine nanomaterials, templating and chemical engineering, to convert natural gas into higher value products using efficient processes that can be seamlessly integrated into existing industry infrastructure. For more information about Siluria, visit www.siluria.com