Aramco invests in Novomer

摘要

Waltham, Massachusetts — The Saudi Arabian Oil Co (Saudi Aramco) appears to have invested $15m in Novomer, according to a company statement and separate filing with the US Securities and Exchange Commission (SEC). The investment was being made through Saudi Aramco Energy Ventures (SAEV) and will fund technology development and construction of a market development plant to manufacture carbon dioxide (CO2)—based polyols and the enhancement of Novomer's sales and marketing organisation, said Novomer in a statement.