Cargill and Materia Inc. announce the expansion of a development agreement for Cargill's use of Materia's proprietary olefin metathesis technology for converting biobased oils to industrial chemicals, feedstocks and consumer products.Cargill Cargill, Incorporated is a privately held, multinational corporation, and is based in the state of Minnesota in the United States. It was founded in 1865, and has grown into the world's second largest privately held corporation (in terms of revenue). and Materia materia /ma·te·ria/ (mah-ter´e-ah) [L.] matter. materia al´ba whitish deposits on the teeth, composed of mucus and epithelial cells containing bacteria and filamentous organisms. Inc. announce the expansion of a development agreement for Cargill's use of Materia's proprietary olefin metathesis Olefin metathesis or transalkylidenation (in some literature, a disproportionation) is an organic reaction which involves redistribution of olefinic (alkene) bonds.[1] technology for converting biobased oils to industrial chemicals, feedstocks and consumer products. The agreement provides Cargill an expanded field and exclusive license while providing Materia increased funding for accelerated research. The original agreement, announced in September September: see month. 2003, was based on a U.S. Department of Energy grant for ethenolysis development that will continue. Progress achieved under the grant has encouraged both companies to expand the commercial and technical scope of their work. |
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