Elevance Raises $104 Million

Elevance Renewable Sciences (Woodbridge, IL), a producer of renewable chemicals based on natural oils, says it has raised $104 million in a Series E financing round. Genting Berhad, investment holding and management company of Malaysian conglomerate Genting Group (Kuala Lumpur) led the round. Genting’s holdings include Genting Plantations Berhad, a leading palm oil producer in Malaysia. Tan Sri Lim Kok Thay, chairman and chief executive of Genting Berhad, will join the Elevance board of directors. Total Energy Ventures International (Paris) also...

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