Woodridge, Illinois – Elevance Renewable Sciences has received more funds from its largest investors.
CEO Karl Schoene said: 'This new investment provides Elevance with a substantial infusion of capital.' Schoene was appointed in spring 2017.
The money will be used to develop sales channels and advance applications for the company's range of intermediates and technologies.
The company is working with partners, commercialising products and expanding its portfolio of materials. It did not specify the level of funding.