Clariant and Elevance Renewable Sciences Enter Into a Cooperation for Renewable Products

July 13, 2011 (Woodbridge, IL)

Elevance Renewable Sciences and Clariant  International Ltd, Business Unit Additives, announced today they have completed an agreement to cooperate within the field of renewable products.

The companies are coupling Clariant’s strong market knowledge and formulation development capabilities with Elevance’s unique renewable products and patented process technology to commercialize new renewable additives for plastics.

“Clariant is globally active in the performance additives space, offering a diversified portfolio. Our teams have worked together over the past year and are pleased to enter now into this cooperation,” said Andy Shafer, executive vice president of sales and market development for Elevance. “This is the beginning of a collaboration that can bring renewable solutions with enhanced performance to the market today and expand significantly over the next three to five years.”

Bernhard Ehrenreich, vice president and Head of BL Waxes, added, “Working with Elevance offers Clariant the opportunity to further develop our renewable component of our specialty product range and build on a platform that further expands our global portfolio and capabilities in the plastics market.”

About Elevance Renewable Sciences

Based in Woodridge, Ill., Elevance Renewable Sciences, Inc. creates valued specialty chemicals from natural oils. Using a Nobel Prize-winning technology called olefin metathesis, the company creates high performance ingredients for use in personal care products, detergents, fuels, lubricants and other specialty chemicals markets. To learn more about Elevance, visit www.elevance.com.

About Clariant

Clariant is an internationally active specialty chemical company based in Muttenz near Basel. The group owns over 100 companies worldwide and employed approx. 16,200 employees as of December 31, 2010. In the financial year 2010, Clariant produced a turnover in excess of CHF 7 billion. Clariant is divided into ten business units: Additives; Detergents & Intermediates; Emulsions; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile Chemicals.

###