Elevance Renewable Sciences on Monday announced a new
collaboration with Genting to be located in the Palm Oil
Industrial Cluster (POIC) in Lahad Datu, Sabah, Malaysia.
The 25:75 collaboration between Elevance and Genting
Plantations Berhad (GIB) will build a 240,000 tpy metathesis
based on Elevances
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.
This collaboration extends our ability to deliver novel
products with improved performance, helping to achieve a
paradigm shift in the way companies are addressing industry
and consumer demand making better products while
leaving a smaller environment
al footprint in
personal care products, detergents and cleaners, engineered
polymers, lubricants and additives, and other specialty
chemicals markets, said Elevance CEO KLynne
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.
Genting Integrated Biorefinery
into the high
value-added palm oil downstream segment that will showcase
palm oils immense potential to serve an ever-increasing
variety of applications and further complement the many
pioneering initiatives we are pursuing in our ongoing drive
to unlock palm oils full potential through scientific
innovation, said Genting Plantations Berhad CEO Tan Sri
Lim Kok Thay.
The Elevance metathesis biorefinery
chemical streams similar to petroleum-based refineries.
Elevances low-pressure, low-temperature process uses
Nobel Prize-winning innovations in metathesis catalysis that
consume significantly less energy and reduce greenhouse gas
by 50% compared to petrochemical
according to company officials.
A 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
according to Elevance representatives.