Versalis and Elevance partners in "green" innovation

A Memorandum of Understanding (MoU) has been signed by Versalis and Elevance Renewable Sciences, a producer of specialty chemicals from natural oils, to establish a strategic partnership to jointly develop and scale a new metathesis technology to produce bio-chemicals from vegetable oils. The two partners 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 market applications of the future production will be specialties such as personal care products, detergents and cleaners, bio-lubricants and oilfield chemicals.
"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, Versalis CEO. "This partnership with Versalis is a natural next step building on the commercially competitive demonstrations of molybdenum-catalyzed metathesis of natural oils that we have achieved in our partnership with Ximo. Versalis is an excellent partner for this next step due to its focus on developing innovative bio-based chemicals and potential to derive future synergies from integration at its Porto Marghera site", said K'Lynne Johnson, Elevance CEO.