Elevance announces plans for third biorefinery
WOODBRIDGE, Ill. — Elevance Renewable Sciences announced last week plans for a a third full-scale biorefinery.
The company’s first biorefinery partnership began operations in Gresick, Indonesia, last year, while the second biorefinery is under construction in Natchez and is expected to create at least 165 jobs.
The project announced last week will be a partnership with Genting Integrated Biorefinery in Lahad Datu, Sabah, Malaysia.
Elevance will be a 25 percent partner in the project, in which Genting Plantations Berhad will build a metathesis biorefinery based on Elevance’s proprietary metathesis technology, and will produce renewable, high-performance olefins and specialty chemicals that can be used in multiple end-product applications, including lubricants, surfactants and detergents.
As part of the collaboration agreement, GIB has agreed to pay Elevance license and design fees, and Elevance will provide intellectual property rights, knowledge transfer, and technical and consulting services. Elevance will also be exclusively responsible for the sale of all specialty chemicals that are produced at the biorefinery.
Elevance’s low-pressure, low-temperature process uses Nobel Prize-winning innovations in metathesis catalysis that consume significantly less energy and reduce greenhouse gas emissions by 50 percent compared to petrochemical technologies. A highly efficient, selective catalyst is used to break down natural oils and recombine fragments, resulting in a process with lower source pollution, production costs and capital expenditures than petrochemical refineries.