New Natchez industry hopes to raise $100M with IPO

NATCHEZ — Local community members probably consider themselves stakeholders in the future of a big, new specialty chemicals plant in Natchez.

But residents should soon get a chance to own a direct share of the area’s economic development good fortune by becoming stockholders of Elevance Renewable Sciences.

Elevance Renewable Sciences registered for an initial public offering with the U.S. Securities and Exchange Commission Wednesday.

By going public, the company hopes to raise $100 million.

Natchez Democrat
9/25/11