Elevance Renewable Sciences and Royal DSM announce collaboration for bio-based Specialty Thermoplastic Materials
May 10, 2011 (Woodridge, IL)
Elevance Renewable Sciences, Inc. and Royal DSM N.V. announce they have signed a Letter of Intent for a collaboration to evaluate Elevance’s unique monomers for production of specialty bio-based high performance thermoplastic materials, for DSM’s engineering plastics portfolio.
“DSM is a global leader in specialty thermoplastics and has demonstrated a capacity for commercializing innovative, more sustainable polymers, making it an attractive partner for our renewable monomers,” said Andy Shafer, executive vice president of sales and market development for Elevance.
“This collaboration will combine our novel monomers with DSM’s focus on providing the market with high performance polymers to quickly commercialize innovative, bio-based products.”
Elevance will provide natural monomers produced from plant oils along with its proprietary metathesis technology to enable the production of various polymers. DSM will provide expertise on polymer research, application development and commercialization.
“Partnering with Elevance enables DSM to further broaden our portfolio of products that provide improved performance over existing polymer solutions,” said Roelof Westerbeek, president of DSM Engineering Plastics. “Together with Elevance we can create new classes of bio-renewable, high-performance materials without compromising cost or quality.”
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 earlier this year. 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.
About DSM - Bright Science. Brighter Living.™
Royal DSM N.V. is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM’s 22,000 employees deliver annual net sales of over €9 billion. The company is listed on NYSE Euronext. More information can be found at www.dsm.com.