MALAYSIA: Elevance collaborating with Genting in production of bio-based chemicals

The partnership, in which Elevance will hold a 25 % interest, will build a 240,000-t/y metathesis biorefinery based on Elevance's proprietary metathesis technology in the Palm Oil Industrial Cluster in Lahad Datu, Sabah, Malaysia.

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 chemicals produced at the biorefinery.

Source: Weekly "PetroChemical News", Durham, NC, USA; 21 July 2014
(Syed Rashid Ali, Karachi, Pakistan)