Saudi Aramco
Saudi Aramco is the national oil company of Saudi Arabia and the world's largest producer of oil and gas, with exclusive rights to explore, produce, and refine hydrocarbons. It maintains a global footprint across refining, chemicals, and downstream operations, supported by extensive procurement, engineering, research, IT, finance, legal, HR, and public relations services. The company operates through a broad network of affiliates and international offices to supply energy to markets worldwide and optimize production, efficiency, and value across upstream and downstream activities. Its operations span Europe, Asia, the Middle East, Africa, and the Americas, with substantial refining capacity and a large chemical manufacturing portfolio. Aramco engages in venture investing through its corporate arms to back technologies in areas such as sustainability, digitalization, and energy efficiency that complement its core energy business. The company emphasizes reliability and scale, balancing traditional hydrocarbon leadership with efforts in technology, efficiency, and global energy development.
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Past deals in Chemical
Hydrogen Mem-Tech
Venture Round in 2024
Hydrogen Mem-Tech develops palladium membrane technology for hydrogen separation and carbon capture. The system enables clean hydrogen production with low maintenance and a smaller environmental footprint, suitable for refineries, bio-refineries, chemical plants, steel production, power generation, gas networks and agriculture, helping customers pursue zero-emission energy options and a competitive advantage.
Promethean Particles
Series A in 2024
Promethean Particles designs, develops, and manufactures inorganic nanoparticle dispersions for industrial applications, offering tailor-made solutions based on customer specifications. The company employs continuous hydrothermal synthesis to produce optimized dispersions and operates a multi-ton scale manufacturing capability of more than 1,000 tons per year. It serves sectors including printed electronics, nanocomposites, catalysts, metal-organic frameworks, healthcare, and green energy, and provides feasibility studies to tailor solutions to specific requirements. Founded in 2007 and based in Nottingham, United Kingdom, Promethean Particles combines proprietary processes with flexible, bespoke production to meet diverse industrial needs.
OxCCU
Series A in 2023
OxCCU develops renewable energy technology to enable a circular economy for fuels, chemicals, and plastics. The technology combines carbon dioxide from the atmosphere with hydrogen from water and renewable electricity to produce fuels, chemicals, and biodegradable plastics and is positioned to deliver the lowest-cost Power to Liquids pathway.
HT Materials Science
Series A in 2023
HT Materials Science is a developer and manufacturer of nanoparticle-based heat transfer fluids and related cooling and heating solutions. The company commercializes sub-micron Maxwell 2020 technology designed as a drop-in additive for heating and for use in new or existing cooling systems, delivering enhanced heat transfer and lower energy consumption in commercial and industrial settings. Its products target chillers, heat pumps and other water-based HVAC systems, as well as chemical, food, and pharmaceutical processing and power generation applications, enabling lower energy costs, improved equipment performance and reduced carbon emissions. HT Materials Science also offers energy-saving components such as fan coils, air handling units, system pumps and supply fans that can operate at lower power without compromising comfort. Founded in 2018 and based in Dublin, Ireland, the company focuses on energy efficiency through nanoparticle-enabled fluids across commercial and industrial markets.
Carbon Clean Solutions
Series C in 2022
Carbon Clean Solutions develops carbon dioxide capture and recovery technology for industrial and power generation. Its solutions enable energy-efficient CO2 separation from flue gases and gas streams, with systems designed to retrofit existing plants and support new-build installations. The technology serves cement, steel, fertilizer, chemical, petrochemical, and utility sectors, helping reduce direct emissions from coal- or gas-fired sources. It employs regenerable solvent-based capture processes and process integration approaches to improve capture rates while lowering operating costs. Founded in 2009 and headquartered in Mumbai, the company maintains research facilities in the United Kingdom and India and has a global commercial presence including the United States.
Hydrogen Mem-Tech
Venture Round in 2022
Hydrogen Mem-Tech develops palladium membrane technology for hydrogen separation and carbon capture. The system enables clean hydrogen production with low maintenance and a smaller environmental footprint, suitable for refineries, bio-refineries, chemical plants, steel production, power generation, gas networks and agriculture, helping customers pursue zero-emission energy options and a competitive advantage.
HT Materials Science
Series A in 2021
HT Materials Science is a developer and manufacturer of nanoparticle-based heat transfer fluids and related cooling and heating solutions. The company commercializes sub-micron Maxwell 2020 technology designed as a drop-in additive for heating and for use in new or existing cooling systems, delivering enhanced heat transfer and lower energy consumption in commercial and industrial settings. Its products target chillers, heat pumps and other water-based HVAC systems, as well as chemical, food, and pharmaceutical processing and power generation applications, enabling lower energy costs, improved equipment performance and reduced carbon emissions. HT Materials Science also offers energy-saving components such as fan coils, air handling units, system pumps and supply fans that can operate at lower power without compromising comfort. Founded in 2018 and based in Dublin, Ireland, the company focuses on energy efficiency through nanoparticle-enabled fluids across commercial and industrial markets.
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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