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.
Past deals in Industrial Engineering
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.
Boston Metal
Series C in 2023
Boston Metal is a metallurgy company specializing in reducing the carbon footprint of steel production. It offers industrial-scale solutions using its Molten Oxide Electrolysis (MOE) process, enabling greener and more efficient metal production.
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.
Nanomech
Series C in 2016
NanoMech, was founded in 2002 and creates advanced engineering materials through patent and patent-pending nano-inspired and nano-manufactured product development. NanoMech is a pioneer in applying breakthrough nano-engineered innovations to robust areas of national interest including machining and manufacturing, lubrication and energy, and strategic military applications. NanoMech brings ideas from innovation to implementation, commercializing nanomanufactured products at record speed in the market. NanoMech is a member of President Obama’s Materials Genome Initiative, a public / private collaboration with the aim of doubling the speed and reducing the cost of discovering, developing, and deploying new advanced materials. NanoMech is also a member of the U.S. Manufacturing Competitiveness Initiative (USMCI) and the U.S. Technology Leadership and Strategy Initiative, (www.Compete.org) both based in Washington, DC.
InflowControl
Private Equity Round in 2013
InflowControl AS is a technology company focused on developing innovative inflow control technology to enhance recovery and production from oil and gas reservoirs. Founded in May 2011, the company leverages over 15 years of expertise in passive and autonomous inflow control devices. InflowControl aims to improve oil and gas extraction by providing solutions that increase recovery factors, reduce water cut and gas-oil ratios, and enhance drainage efficiency. The company's offerings include both passive and autonomous flow control devices, which are currently under construction and testing. With a commitment to quality, InflowControl is certified under ISO 9001:2008 and recognized as a reputable supplier in the oil industry in Norway and Denmark. Its management team comprises the founders, who possess extensive experience in all facets of inflow control technology, including innovation, design, and production.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.