MALAYSIA – Elevance Renewable Sciences Inc, a US specialty chemicals company that creates novel specialty chemicals from natural oils, will build a biorefinery for olefins and specialty chemicals through a partnership with Malaysian plantation company Genting Plantations Berhad through Genting Integrated Biorefinery Sdn Bhd (GIB).
The 25:75 collaboration between Elevance and Genting Plantations will see the construction of a 240,000 MT metathesis biorefinery in the Palm Oil Industrial Cluster (POIC) in Lahad Datu, Sabah, based on Elevance’s proprietary metathesis technology, which produces multiple high-value chemical streams similar to petroleum-based refineries.
Elevance’s low-pressure, low-temperature process uses Nobel Prize-winning innovations in metathesis catalysis that consume significantly less energy and reduce greenhouse gas (GHG) emissions by 50% compared to petrochemical technologies. A highly efficient, selective catalyst is used to break down natural oils and recombine fragments, resulting in a process with lower source pollution, production costs and capital expenditures than petrochemical refineries.
As part of the collaboration agreement, GIB has agreed to pay Elevance license and design fees, and Elevance will provide intellectual property rights, knowledge transfer, and technical and consulting services. Elevance will also be exclusively responsible for the sale of all specialty chemicals that are produced at the biorefinery.
“This collaboration extends our ability to deliver novel products with improved performance, helping to achieve a paradigm shift in the way companies are addressing industry and consumer demand — making better products while leaving a smaller environmental footprint — in personal care products, detergents and cleaners, engineered polymers, lubricants and additives, and other specialty chemicals markets,” said Elevance CEO K’Lynne Johnson.
Genting Plantations Berhad Chief Executive Tan Sri Lim Kok Thay, commented, “Genting Integrated Biorefinery will spearhead our Group’s expansion into the high value-added palm oil downstream segment that will showcase palm oil’s immense potential to serve an ever-increasing variety of applications and further complement the many pioneering initiatives we are pursuing in our ongoing drive to unlock palm oil’s full potential through scientific innovation.”