Elevance Renewable Sciences continues the collaborative work of innovative industry leaders to commercialize the production of renewable chemicals.
Saskatchewan Canola Development Commission (SaskCanola)
- SaskCanola was established in 1991 to represent Saskatchewan's canola producers.
- Its mandate is to enhance canola producers' competitiveness and profitability through research, market development and extension activities.
- Activities are funded through a levy and administered by a producer elected Board of Directors.
- Elevance Renewable Sciences, Inc. has partnered with the Saskatchewan Canola Development Commission (SaskCanola) to enhance the use of canola in the development of renewable-based chemicals. Elevance will use $250,000 of funding to research how canola can more effectively be converted into specialty chemicals using the company's Nobel Prize-winning technology known as metathesis. Through metathesis, renewable resources are transformed into specialty chemicals that can replace petroleum-based ingredients in a range of products, including waxes, functional oils, antimicrobials and lubricants. "This partnership holds significant potential for both the canola and renewable chemicals industries," said K'Lynne Johnson, CEO of Elevance Renewable Sciences. "By partnering with SaskCanola, Elevance will be able to apply our proven metathesis process to canola more efficiently, creating products that outperform those made using traditional petroleum-based ingredients, beginning with an alternative to petrolatum."
United Soybean Board (USB)
- It is USB's mission to increase soybean demand through advancements in soy-based research and technology.
- USB, through soybean check-off investments, is committed to funding the research, development and commercialization of new industrial uses for soybeans.
- With individual contributions of 0.5 percent of the market price per bushel sold each season, the soybean check-off is supported entirely by the soybean farmers of America.
- The United Soybean Board (USB) is composed of 68 volunteer farmer-leaders nominated by their state-level check-off organizations and appointed by the U.S. Secretary of Agriculture.
- The Trent University Biomaterials – lipid utilization research program is an opportunity for Elevance to develop a strategic partnership with a research team that is a recognized leader in both fundamental and applied research utilizing natural oils to develop new bio-materials, bio-chemicals, food matrices, and bio-products.
- Leading global silicones supplier, with more than 20,000 customers worldwide.
- Innovator in silicon technology with more than 7,000 products and services.
- Created in 1943 as a joint venture between Corning Glass Works and The Dow Chemical Company.
- Company commercializing high-value research activities pursued in close research and development relationships with downstream customers.
- Focuses on developing specialty poymeric or oligomeric materials with high-value molecular architecture.
- Formed in 2001 as a faculty-driven start-up company connected with Clemson University in South Carolina.
Shareholders
- International provider of food, agricultural and risk management products and services.
- Founded 1865, now the country's second largest privately held corporation.
- Headquartered in Minneapolis, Minn., with 158,000 employees in 66 countries.
- Committed to using knowledge and experience collaborating with customers to help them succeed.
- Holds the exclusive worldwide rights to the Nobel Prize-winning catalyst technology.
- Founded in 1998 to commercialize olefin metathesis catalyst technology.
- Privately held corporation with over 60 employees.
- Headquartered in Pasadena, Calif., with additional manufacturing facilities in Huntsville, Texas.
- Leading global private investment firm with over $30 billion of capital under management.
- Founded in 1992, TPG has offices in Fort Worth, San Francisco, London, Hong Kong, Mumbai, Tokyo, Melbourne and New York City.
- Industry focus includes consumer/retail, media and telecommunications, industrials, technology, travel/leisure and health care.
Over $40 million of private equity funding was led by TPG Growth and TPG Biotechnology Partners to scale this existing and commercially proven technology.
Cargill and Materia remain involved as commercial partners and investors as additional collaborative partnerships in the marketplace are established to accelerate production and identify new applications.