Evonik and Elevance Collaborate for Metathesis Application Development
Elevance Renewable Sciences and Evonik have agreed to cooperate in developing the application of metathesis catalysts.
Elevance has developed a technology to manufacture specialty chemicals from natural oils such as soybean, palm, rapeseed, algae and Jatropha, which competes with petrochemical products by using a metathesis platform.
The US-based specialty chemical company will partner with Germany-based Evonik, which has developed metathesis catalysts within its homogeneous catalysts portfolio.
Evonik has also agreed to licence two technologies relating to metathesis technology, along with metathesis catalysts to Elevance without disclosing the financial aspects of the deal.