Beginning with a grant from the U.S. Department of Energy in 2004 and culminating with the creation of the company as it stands today, Elevance Renewable Sciences Inc. is the first company to successfully bridge the renewables and chemicals' industries.

Our proprietary patent-protected technologies and a Nobel Prize-winning catalytic method transforms renewable plant-based oils into specialty green chemical products without the environmental risks of traditional petrochemical solutions.

By leveraging groundbreaking new technology and repurposing nature's own compounds without depleting the source, we are returning to our ancestors' roots – relying on the bounty of the land – but with the added advantages of cleantech commercial production and economies of scale.

Elevance continues the collaborative work of Cargill Inc., one of the world's largest producers of agricultural oils, and Materia Inc., a leading-edge technology organization leveraging patents from the California Institute of Technology, to commercialize the production of renewable chemicals.

A recent round of over $40 million of private equity funding was led by TPG Growth and TPG Biotechnology Partners to scale this existing and commercially proven technology already sold in the performance waxes and oils markets, and soon to be followed by antimicrobials, lubricants, additives and other chemicals.

The company already produces commercial-grade waxes sold globally, often under the name NatureWax®.

Led by chief executive officer K'Lynne Johnson, who most recently headed a $3 billion division of Innovene and has held executive positions within BP and Amoco, the company is transforming industrial science into a collaborative effort with a world-class management team with over 100 years combined experience in the chemical and agricultural industries.

As a high-performance, renewable, asset-light, partnership-based business, Elevance is in a unique market position in the $500 billion specialty chemical market.

Elevance offers flexible, scalable manufacturing, commercially proven technologies and multiple feedstock options to control costs and ensure a sustainable supply of raw materials.

With TPG, Cargill and Materia involved as commercial partners and investors, Elevance expects to continue to establish additional collaborative partnerships in the marketplace to accelerate production, development and rapid entry to high-growth markets with a revenue goal of $1 billion by 2016.