Elevance Renewable Sciences, Evonik Announce Metathesis Catalysts License Agreement

Evonik Industries and Elevance Renewable Sciences, Incorporated, Bolingbrook, Ill. have entered into a license agreement regarding Evonik’s U.S. patents Nos. 7,738,528 and 7,652,145, directed to metathesis technology excluding Evonik’s catMETium RF product portfolio. The companies also intend to cooperate in further developing application of metathesis catalysts within Elevance’s business scope.

Elevance has developed technology for manufacturing specialty chemicals from natural oils such as soybean, palm, rapeseed, algae and Jatropha. It manufactures oils, lubricants additives, antimicrobials and other chemicals from such bio-renewables, and competes with petrochemical based products.

“Metathesis reactions are a key step in our bio-refinery process to make the conversion from natural oils to specialty chemicals,” said K’Lynne Johnson, CEO of Elevance. “Evonik’s licensed metathesis catalysts complement our existing catalyst portfolio.”

Evonik has developed metathesis catalysts within its homogeneous catalysts portfolio. “We are looking forward to Elevance’s successful application of innovative metathesis reactions in the conversion of natural oils”, says Dr. Wilfried Eul, senior vice president and head of Evonik’s Catalyst Business.

Company

Logo:

Evonik Nutrition & Care GmbH (Hanau)

Rodenbacher Chaussee 4
63457 Hanau
Germany

Company contact







Free Virtual Event

Sustainability in Bioprocessing
Bioprocess Forum

Sustainability in Bioprocessing

Join us to explore hot topics in sustainable bioprocessing like the industrial potential of enzymatic synthesis, innovative biocatalysis techniques, and the use of digital twins in bioprocessing.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.