Elevance Renewable Sciences and Arkema Announce Partnership to Develop, Produce Renewable Polymers

Woodridge, Ill. (Feb. 27, 2012) — Elevance Renewable Sciences, Inc. creator of  high-performance renewable specialty chemicals and chemical company Arkema, announced today a global partnership for the development and production of renewable specialty polymers.

Elevance is providing novel, differentiated, functionalized renewable starting materials including the company’s 9-decenoic methyl ester from their biorefineries. Arkema has a long and well-established background in the field of bio-based specialty polymers. By combining their expertise, both companies will work on the development of a range of specialty bio-based polymers based on Elevance specialty methyl ester intermediate.

“Arkema’s position as producer of high-performing bio-sourced technical polymers is a natural fit for our unique specialty chemicals,” said Andy Shafer, executive vice president of sales and market development for Elevance. “We are pleased to be partnering with them in this important market for both of us.”

“Our partnership with Elevance offers Arkema the strategic opportunity to expand our current feedstocks for biosourced raw materials and to strengthen our leading position on the fast-growing bio-sourced polymer market with increased capacities for our customers globally,” said Jean-Luc Dubois, Scientific Director for Arkema.

About Elevance Renewable Sciences, Inc.

Headquartered in Woodridge, Ill., Elevance Renewable Sciences, Inc. creates novel specialty chemicals from natural oils for use in personal care products, detergents and cleaners, lubricants and additives, engineered polymers, and other specialty chemicals markets. Commercial shipments from the company’s first biorefinery, a 180,000 MT joint venture with Wilmar International Limited located in Gresik, Indonesia, began in 2013. The biorefinery is the first based on Elevance’s proprietary metathesis technology with a Natchez, Miss., biorefinery scheduled to be the second biorefinery with a capacity of 280,000 MT. To learn more, visit www.elevance.com or www.renewicals.com.

About Arkema

Global chemical company and France’s leading chemicals producer, Arkema is building the future of the chemical industry every day. Deploying a responsible, innovation-based approach, we produce state-of-the-art specialty chemicals that provide customers with practical solutions to such challenges as climate change, access to drinking water, the future of energy, fossil fuel preservation and the need for lighter materials. With operations in more than 40 countries, 15,700 employees and 9 research centers, Arkema generates annual revenue of €5.9 billion, and holds leadership positions in all its markets with a portfolio of internationally recognized brands. The world is our inspiration.

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Media contact information

MEDIA CONTACTS FOR ELEVANCE:
Anthea Holley: +1 (940) 704-0777 anthea.holley@hkstrategies.com or Rick Black: +1 (832) 435-0026 rick.black@hkstrategies.com

MEDIA CONTACTS FOR ARKEMA:
Gilles Galinier: +33 1 49 00 7007 gilles.galinier@arkema.com or Jean-Luc Dubois : +33 6 16 20 00 48 jean-luc.dubois@arkema.com