MS: Elevance Announces Acquisition of Delta BioFuels Facility in Natchez
8 Jun, 2011
Company to expand facility, create 165 full-time jobs
Image via CrunchBase
Governor Haley Barbour and officials from Elevance Renewable Sciences Inc., creator of high-performance renewable specialty chemicals for use in personal care products, detergents, plastics and lubricants, announced recently the company has acquired Delta BioFuels’ facility in Natchez, Miss., in Adams County.
The company intends to convert the 800,000-square-foot facility to a biorefinery in a multi-phase project that will involve a corporate investment of more than $226 million and will create a total of 165 new jobs over the next five years.
MDA worked with company and local officials to help facilitate the project. Through the Mississippi Industry Incentive Financing Revolving Fund, the agency provided assistance for upgrades at the Natchez - Adams County Port, as well as a $25 million loan to the company. Additionally, the county provided assistance for upgrades to the port to support this project.
Based in Bolingbrook, Ill., Elevance Renewable Sciences creates valued specialty chemicals from natural oils. Using a Nobel Prize-winning technology called olefin metathesis, the company creates high performance ingredients for use in personal care products, detergents, fuels, lubricants and other specialty chemicals markets. To learn more about Elevance, visit the company’s website at www.elevance.com.