Elevance inks license with Chemtura for Elevance Aria WTP
In Illinois, Elevance Renewable Sciences signed a licensing agreement with Chemtura, a global, specialty chemicals company, for Elevance Aria WTP technology and market development.
Chemtura will have global rights to develop, derivatize, manufacture, use and sell products incorporating the Elevance Aria® WTP technology in lubricant applications. Elevance has retained rights outside lubricant applications.
Elevance Aria WTP technology combines the benefits of two key synthetic base stock technologies – synthetic esters and PAOs – into a single high-performing molecule providing advanced lubricating properties including lower friction and improved wear, along with reduced foaming and better additive solvency characteristics.
Elevance uses a collaborative business model to commercialize and bring its novel and high-performing, bio-based chemicals to market. By partnering with industry leaders in specific market segments or distinct technologies, Elevance leverages complementary assets, capabilities and market access, and provides its partners the opportunity to accelerate growth.
Category: Fuels
