Elevance Renewable Sciences, Inc. and Royal DSM N.V. announce they have signed a Letter of Intent for a collaboration to evaluate Elevance’s unique monomers for production of specialty bio-based high performance thermoplastic materials, for DSM’s engineering plastics portfolio.
“DSM is a global leader in specialty thermoplastics and has demonstrated a capacity for commercializing innovative, more sustainable polymers, making it an attractive partner for our renewable monomers,” said Andy Shafer, executive vice president of sales and market development for Elevance.
“This collaboration will combine our novel monomers with DSM’s focus on providing the market with high performance polymers to quickly commercialize innovative, bio-based products.”
Elevance will provide natural monomers produced from plant oils along with its proprietary metathesis technology to enable the production of various polymers. DSM will provide expertise on polymer research, application development and commercialization.
“Partnering with Elevance enables DSM to further broaden our portfolio of products that provide improved performance over existing polymer solutions,” said Roelof Westerbeek, president of DSM Engineering Plastics. “Together with Elevance we can create new classes of bio-renewable, high-performance materials without compromising cost or quality.”
Headquartered in Woodridge, Ill., Elevance Renewable Sciences, Inc. is a high-growth specialty chemical company that creates novel specialty chemicals that perform better from renewable feedstocks, making the products that industry and consumers use every day better. Using a proprietary technology called olefin metathesis, the company delivers specialty chemicals that exceed the performance of existing products while leaving a smaller environmental footprint — for use in personal care products, detergents and cleaners, engineered polymers, lubricants and additives, and other specialty chemicals markets. To learn more, visit www.elevance.com or www.renewicals.com.