Versalis, Elevance joint venture developing new metathesis technology producing biochemicals

Versalis, Elevance JV to produce bio-chemicals from vegetable oils

7:32 AM, 7th February 2014
Versalis, Elevance joint venture business
Daniele Ferrari, CEO. Versalis.

MILAN, ITALY/CHICAGO, US: Versalis, the chemical subsidiary of Eni, and Elevance Renewable Sciences Inc, a producer of specialty chemicals from natural oils, have signed a Memorandum of Understanding (MoU) to establish a strategic partnership to jointly develop and scale a new metathesis technology to produce bio-chemicals from vegetable oils.

Versalis and Elevance intend to focus on jointly developing and scaling new catalysts, leveraging the significant progress of this technology that has already been accomplished by Elevance. In addition, the partners will assess the design and construction of the first world-scale ethylene metathesis-based production that will utilize renewable oils at the Versalis Porto Marghera site. This will also take advantage of existing infrastructures and production streams.

“The bio-based chemicals business is central to Versalis’ new industrial and business approach. The agreement with Elevance will further enhance our capability to progress in green innovation while boosting the transformation of one of our petrochemical sites into a more competitive and long-term sustainable complex, thus creating synergies between the renewable and the petrochemical industries,” said Daniele Ferrari, CEO. Versalis.

 

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