Elevance Raises $100 Million More To Make Chemicals And Fuel From Plant Oils, Poultry Fat

Elevance Renewable Sciences— a Chicago area company that uses soybean-, corn- and sunflower oils, poultry fat and other feedstock from renewables to make jet fuel, diesel and specialty chemicals— has raised $100 million series C investment. Luxembourg-based Naxos Capital Partners led the $100 million investment, joined by Total Energy Ventures (an investment arm of the French oil and gas company Total) along with TPG Biotech and TPG Growth of San Francisco...