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 been already 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 bio-chemicals production will be personal care, 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 with 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,” said K’Lynne Johnson, Elevance CEO. “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.”
Versalis will contribute its extensive skills in catalysis process development and engineering design scale-up and Elevance will bring proprietary know-how regarding metathesis and associated engineering with the use of vegetable oils in producing specialty chemicals for premium applications, leveraging similar projects in the U.S. and Asia.
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.