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 Industrial Gases

Utility Global

Series C in 2024
Utility Global, Inc. is a technology company based in Provo, Utah, founded in 2018. It specializes in the design and development of innovative solutions for manufacturing, sensing, control, and nanotechnology, with a focus on its proprietary gas production technology known as eXERO™. This technology features a unique reactor that converts variable industrial process gases into high-purity hydrogen and a concentrated CO2 stream, facilitating on-site carbon capture without requiring electricity. The hydrogen produced can be utilized as a replacement for coke in steelmaking, while the high purity of the CO2 stream simplifies and reduces the costs associated with carbon capture. Through its advancements, Utility Global aims to contribute to a low-carbon future and support the decarbonization of the steel industry.

Corrosion RADAR

Series B in 2024
CorrosionRADAR Ltd is a company specializing in corrosion monitoring systems through innovative sensor technology aimed at detecting and predicting hidden corrosion. Founded in 2017 and headquartered in Cambridge, United Kingdom, with a research facility in Bedfordshire, the company serves a diverse range of industries, including oil and gas, power and utilities, industrial manufacturing, and civil infrastructure. Its advanced technologies utilize distributed sensing and analytics to offer predictive corrosion management, enabling clients to effectively monitor corrosion and moisture levels, particularly in challenging environments. By providing insights into corrosion severity and location, CorrosionRADAR supports safe, reliable, and cost-effective maintenance and inspection practices across various sectors, including offshore and onshore energy operations, chemical plants, and infrastructure projects.

Grand perspective

Series A in 2022
Grandperspective GmbH, founded in 2018 and based in Berlin, Germany, specializes in manufacturing gas detection systems tailored for the petrochemical sector, gas loading stations, chemical parks, and pipeline monitoring. The company develops an advanced early warning system capable of covering extensive industrial areas, effectively visualizing and locating hazardous gas clouds. Utilizing optical sensor technology, Grandperspective's systems detect a broad spectrum of chemicals from a distance and provide real-time alerts for gas leaks and fugitive emissions. By combining innovative sensors with sophisticated software, the company enables clients to monitor production sites, storage facilities, and transportation areas, ensuring the protection of infrastructure and facilitating cost-effective emission monitoring.

Utility Global

Venture Round in 2021
Utility Global, Inc. is a technology company based in Provo, Utah, founded in 2018. It specializes in the design and development of innovative solutions for manufacturing, sensing, control, and nanotechnology, with a focus on its proprietary gas production technology known as eXERO™. This technology features a unique reactor that converts variable industrial process gases into high-purity hydrogen and a concentrated CO2 stream, facilitating on-site carbon capture without requiring electricity. The hydrogen produced can be utilized as a replacement for coke in steelmaking, while the high purity of the CO2 stream simplifies and reduces the costs associated with carbon capture. Through its advancements, Utility Global aims to contribute to a low-carbon future and support the decarbonization of the steel industry.

Corrosion RADAR

Series A in 2021
CorrosionRADAR Ltd is a company specializing in corrosion monitoring systems through innovative sensor technology aimed at detecting and predicting hidden corrosion. Founded in 2017 and headquartered in Cambridge, United Kingdom, with a research facility in Bedfordshire, the company serves a diverse range of industries, including oil and gas, power and utilities, industrial manufacturing, and civil infrastructure. Its advanced technologies utilize distributed sensing and analytics to offer predictive corrosion management, enabling clients to effectively monitor corrosion and moisture levels, particularly in challenging environments. By providing insights into corrosion severity and location, CorrosionRADAR supports safe, reliable, and cost-effective maintenance and inspection practices across various sectors, including offshore and onshore energy operations, chemical plants, and infrastructure projects.
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