On January 19, 2016, Elevance Renewable Sciences Inc. (Elevance), a Biobased and Renewable Products Advocacy Group (BRAG®) member, announced the successful scale-up of a second-generation biorefinery technology of the Company's olefin metathesis technology, utilizing ethylene and natural oil feedstocks. Elevance collaborated with Versalis, XiMo AG, and Soneas to reach this milestone in the development of second-generation metathesis technology. "This significant accomplishment...
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On February 6, 2014, it was announced that 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. According to a press release by Elevance, "Versalis and Elevance intend to focus on jointly developing and scaling new catalysts,...