Elevance Renewable Sciences Launched to Create and Deliver Renewable Specialty Chemicals

Lisle, Ill., – Elevance™ Renewable Sciences, Inc., a new specialty chemical company based on groundbreaking, proven technology, is harnessing the potential of natural oils to produce a portfolio of commercial products across multiple markets. Elevance was formed to institutionalize work started in 2004 in collaboration between Cargill, one of the world’s largest producers of agricultural oils, and Materia, a leading edge technology organization leveraging patents from the California Institute of Technology (CalTech), to catalyze the commercial production of renewable chemicals. A $40M round of funding was led by TPG Growth and TPG Biotechnology Partners. Link.