Aramco

Aramco Overseas Company (AOC), established in 1948, is a global service provider to Saudi Aramco, supporting its mission to supply energy worldwide. AOC offers a wide range of services, including purchasing and logistics, inspection, engineering, research and technology, IT, finance, legal, public relations, HR, international staffing, and executive services. With headquarters in The Hague and satellite offices across Europe, Asia, and the Middle East, AOC operates in regions excluding North America and Saudi Arabia. It also holds interests in refining companies and storage facilities, and has a history of operating in various global locations.

Mahdi Aladel

CEO

Tareq Amin

CEO of Aramco Digital

Frank Andrasco

Senior Investment Director, North America

Chris Haase Ph.D

Investment Director, North America

Hill, Michael

Senior Investment Director, Europe

Hans Middelthon

Managing Director, Europe

Bruce Niven

Executive Managing Director, Strategic Venturing

Richard Riggs Ph.D

Investment Director, Europe

Anupam Singh

Senior Investment Director

Aysar Tayeb

Executive Managing Director, Prosperity7

Tibor Toth

Investment Director, North America

Moodhi Tubayyeb

Investment Associate

Iris Wu

Investment Associate, North America

Past deals in Chemical

HYDROGEN Mem-Tech

Venture Round in 2024
HYDROGEN Mem-Tech is focused on advancing the transition to sustainable energy through its innovative hydrogen separation technology, which incorporates carbon capture capabilities. The company specializes in the development of palladium membranes designed specifically for efficient hydrogen separation and carbon dioxide capture. Its technology is capable of producing clean hydrogen while minimizing maintenance costs and ensuring a low environmental impact. This makes it particularly beneficial for a range of industries, including refineries, bio-refineries, chemical manufacturing, steel production, power generation, gas networks, and agriculture. By providing clients with sustainable energy options that have zero emissions, HYDROGEN Mem-Tech enables them to gain a significant competitive advantage in their respective sectors.

Promethean Particles

Series A in 2024
Promethean Particles Ltd. is a company based in Nottingham, United Kingdom, specializing in the design, development, and manufacture of inorganic nanoparticle dispersions. Incorporated in 2007, it utilizes continuous hydrothermal synthesis to produce bespoke products tailored to specific customer applications across various industries, including electronics, healthcare, green energy, and nanocomposites. The company operates a state-of-the-art multi-ton scale manufacturing facility capable of producing over 1,000 tons per year, which supports its ability to deliver customized solutions. Promethean Particles also offers feasibility studies and reactor designs, showcasing its significant expertise and patented technology in nanoparticle production. This unique combination of capabilities allows the company to meet diverse industrial needs, enhancing flexibility and innovation in the development of nanotechnology solutions.

OxCCU

Series A in 2023
OxCCU is a technology developer focused on facilitating a circular economy for fuels, chemicals, and plastics. It achieves this by innovating renewable energy solutions that convert atmospheric carbon dioxide into valuable products such as fuels, chemicals, and biodegradable plastics using hydrogen derived from water and renewable electricity.

HT Materials Science

Series A in 2023
HT Materials Science Ltd. is a Dublin-based company founded in 2018 that specializes in the development and commercialization of advanced heat transfer fluid technology, specifically its product Maxwell 2020. This innovative fluid operates as a drop-in additive for both new and existing cooling systems, enhancing heat transfer efficiency while significantly reducing energy consumption. The company targets both commercial and industrial markets, providing solutions for a wide range of applications, including HVAC systems, power generation, and processing in sectors such as chemical, food, and pharmaceuticals. By enabling lower energy costs and improving equipment performance, HT Materials Science contributes to substantial reductions in carbon emissions, presenting a compelling option for businesses seeking energy-efficient solutions.

Carbon Clean

Series C in 2022
Carbon Clean Solutions is an innovation company focused on carbon dioxide recovery technology for industrial applications. The company has developed a patented carbon capture technology that enables the removal of up to 90% of carbon dioxide from flue gases, utilizing a proprietary regenerable advanced solvent and an energy-efficient capture process. This technology is designed to be both cost-effective and environmentally friendly, significantly reducing operating costs and impacts for power plants and industrial utilities. Carbon Clean Solutions' technology can be integrated into new power plants or retrofitted to existing facilities, offering clients a scalable solution for decarbonization. With multiple research teams and facilities worldwide, the company is committed to commercializing its energy-efficient carbon capture solutions for a diverse range of global customers.

HYDROGEN Mem-Tech

Venture Round in 2022
HYDROGEN Mem-Tech is focused on advancing the transition to sustainable energy through its innovative hydrogen separation technology, which incorporates carbon capture capabilities. The company specializes in the development of palladium membranes designed specifically for efficient hydrogen separation and carbon dioxide capture. Its technology is capable of producing clean hydrogen while minimizing maintenance costs and ensuring a low environmental impact. This makes it particularly beneficial for a range of industries, including refineries, bio-refineries, chemical manufacturing, steel production, power generation, gas networks, and agriculture. By providing clients with sustainable energy options that have zero emissions, HYDROGEN Mem-Tech enables them to gain a significant competitive advantage in their respective sectors.

HT Materials Science

Series A in 2021
HT Materials Science Ltd. is a Dublin-based company founded in 2018 that specializes in the development and commercialization of advanced heat transfer fluid technology, specifically its product Maxwell 2020. This innovative fluid operates as a drop-in additive for both new and existing cooling systems, enhancing heat transfer efficiency while significantly reducing energy consumption. The company targets both commercial and industrial markets, providing solutions for a wide range of applications, including HVAC systems, power generation, and processing in sectors such as chemical, food, and pharmaceuticals. By enabling lower energy costs and improving equipment performance, HT Materials Science contributes to substantial reductions in carbon emissions, presenting a compelling option for businesses seeking energy-efficient solutions.

908 Devices

Series E in 2019
908 Devices Inc. is a Boston-based company that specializes in the development and sale of handheld and desktop measurement devices for chemical and biochemical analysis. Founded in 2012, the company leverages mass spectrometry technology to create portable tools designed for immediate application in various fields, including life sciences research, bioprocessing, industrial biotechnology, and forensics. Its product lineup includes the MX908, a battery-powered, handheld mass spectrometry device capable of rapid analysis of unknown gas, liquid, and solid materials; the Rebel, a desktop analyzer offering real-time data on bioprocess environments; and the ZipChip, a high-resolution separation platform that enhances mass spectrometry sample analysis. 908 Devices aims to provide reliable and actionable insights in challenging environments, meeting the needs of professionals who require efficient solutions for complex analytical tasks.

908 Devices

Series D in 2017
908 Devices Inc. is a Boston-based company that specializes in the development and sale of handheld and desktop measurement devices for chemical and biochemical analysis. Founded in 2012, the company leverages mass spectrometry technology to create portable tools designed for immediate application in various fields, including life sciences research, bioprocessing, industrial biotechnology, and forensics. Its product lineup includes the MX908, a battery-powered, handheld mass spectrometry device capable of rapid analysis of unknown gas, liquid, and solid materials; the Rebel, a desktop analyzer offering real-time data on bioprocess environments; and the ZipChip, a high-resolution separation platform that enhances mass spectrometry sample analysis. 908 Devices aims to provide reliable and actionable insights in challenging environments, meeting the needs of professionals who require efficient solutions for complex analytical tasks.

908 Devices

Series C in 2015
908 Devices Inc. is a Boston-based company that specializes in the development and sale of handheld and desktop measurement devices for chemical and biochemical analysis. Founded in 2012, the company leverages mass spectrometry technology to create portable tools designed for immediate application in various fields, including life sciences research, bioprocessing, industrial biotechnology, and forensics. Its product lineup includes the MX908, a battery-powered, handheld mass spectrometry device capable of rapid analysis of unknown gas, liquid, and solid materials; the Rebel, a desktop analyzer offering real-time data on bioprocess environments; and the ZipChip, a high-resolution separation platform that enhances mass spectrometry sample analysis. 908 Devices aims to provide reliable and actionable insights in challenging environments, meeting the needs of professionals who require efficient solutions for complex analytical tasks.

Siluria Technologies

Series D in 2014
Siluria Technologies is a materials innovation company focused on addressing global challenges in the natural gas, chemicals, and fuel industries. By leveraging advancements in nanotechnology, biotechnology, and chemical engineering, Siluria has created a platform that enables the efficient production of chemicals and fuels from natural gas, a more abundant and cost-effective resource compared to oil. Their technology allows for the conversion of natural gas into higher-value products, including liquid fuels such as gasoline, diesel, and jet fuel, through the integration of nanomaterials and catalyst development. Siluria's research and engineering teams are actively working to commercialize their solutions and engage with major chemical and fuel companies to bring their technology to pilot-scale production.

Rive Technology

Series D in 2013
Rive Technology is a clean energy company focused on the commercialization of advanced catalyst technology for petroleum refining. The company has developed proprietary technology, originally invented at MIT, that enhances traditional zeolite catalysts by introducing novel medium pore size channels. This innovation allows for greater accessibility of large hydrocarbon molecules, significantly increasing the yield of transportation fuels such as gasoline and diesel from each barrel of crude oil. Rive's catalysts are designed to integrate seamlessly into existing refinery operations, enabling refiners to boost throughput and profitability with minimal capital investment. By improving process efficiency and product yields, Rive's technology offers a compelling solution for the petroleum refining industry.
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