WOODRIDGE, ILL. (Feb. 27, 3:20 p.m. ET) — For the second time in less than a year, technology firm Elevance Renewable Sciences Inc. has struck a development deal with an international plastics and chemicals firm.
This time around, Woodridge, Ill.-based Elevance has agreed to partner with Arkema Group of Colombes, France, to develop and produce renewable specialty polymers.
Elevance will provide “starting materials” to Arkema to develop the new materials, officials with both firms said in a Feb. 27 news release. The partnership “offers Arkema the strategic opportunity to expand our current feedstocks for bio-sourced raw materials,” Arkema scienitfic director Jean-Luc Dubois said in the release.
Elevance sales and marketing executive vice president Andy Shafer added that Arkema's position as a producer of bio-sourced technical polymers “is a natural fit for our unique specialty chemicals.”
Arkema already uses renewable materials in several plastic additives, including Vioflex-brand soybean oils. The firm has annual sales of more than $7 billion and ranks as the world's largest maker of acrylic resin and sheet, which it sells under the Plexiglas and Altuglas trade names.
In July, Elevance had announced a similar partnership with Swiss firm Clariant International Ltd. to commercialize new plastic additives made from renewable materials. A month before that deal was announced, Elevance purchased a biofuels refinery in Natchez, Miss., that it plans to use to make renewable specialty materials based on natural oils.
In plastics, Elevance materials – made via olefin metathesis – can be used in specialty nylon resins, as well as in polyols, polyester, epoxies and polyurethane.