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About Ximo

XiMo AG is a Swiss-based company focused on the development and application of proprietary metathesis catalysts, for use in the specialty chemical, agro chemical, renewables, pharmaceutical, flavors and fragrances, polymers and advanced materials sectors.

The company’s molybdenum and tungsten catalysts are based on the breakthrough scientific research of founders Amir H. Hoveyda, Professor of Chemistry at Boston College, and Richard R. Schrock, Professor of Chemistry at the Massachusetts Institute of Technology, co-winner of the 2005 Nobel Prize in Chemistry.

The name XiMo comes from the latin ‘eximo’ which means unlock or release. The capitalization of the M in XiMo puts the chemical abbreviation of the metal molybdenum (Mo) – one of the key catalytic metals in XiMo’s portfolio – in the name of the company.


XiMo was founded in 2010 by MIT Professor Richard Schrock and Boston College Professor Amir Hoveyda, along with a small group of other investors and co-founders. Ximo Hungary was established in 2011 with opening its catalyst development lab on the campus of the Chemical Research Center of the Hungarian Academy of Sciences in Budapest. In 2013 Ximo labs were moved to Graphisoft Park, which is one of the most prominent science and innovation parks in Budapest. In addition to developing highly active, selective and robust catalysts at laboratory scale, XiMo has ensured their availability in large quantities and, therefore, established a strategic alliance with SONEAS, a Budapest based toll manufacturing company.


The energy behind XiMo is a world class team of innovative scientists, professors, and business leaders with proven expertise in the chemical and pharmaceutical industry.

Dr. Mel Luetkens

Chief Executive Officer

• Over 30 years' experience in the US chemical industry
• Business co-founder and key inventor for Elevance’s integrated biorefinery
• As COO, managed the engineering, construction and safe operation of a world-scale asset in Indonesia
• Supported Elevance fundraising efforts leading to over
$400 m in equity financing
• Former Director, European Technology, BP

• Education: Ph.D. University of Michigan; M.B.A University of Chicago


Prof. Dr. Georg Fráter

Chief Scientific Officer

• Over 30 years experience in the Swiss chemical industry

• Over 20 years in the fragrance and flavor industry, five as Research Director for Givaudan

• Former President Swiss Chemical Society (SCS)

• Former Professor at the University of Zürich

• Education: Ph.D. University of Zurich; M.Sc. University of Zurich

Douglas C. Günthardt


• Board member of Ricola

• CFO of CeQur

• Served for 8 years as CEO of Siegfried and 6 years as a board member of science industries, the business association representing the interests of chemistry, pharma and biotech players in Switzerland.

Education: M.B.A. Stanford University; B.A. in applied mathematics, Harvard University

Prof. Dr. Amir Hoveyda

• Patricia and Joseph T. Vanderslice Millennium Professor of Chemistry at Boston College

• Co-inventor and patentholder for several Mo & W based metathesis catalysts.

• Scientific advisor to several global pharmaceutical companies.

Education: Ph.D. Yale University; B.A. Columbia University

Prof. Dr. Gary Pisano

• Harry E. Figgie Professor of Business Administration at the Harvard Business School. On the Harvard faculty for 23 years.

• Teacher MBA and executive level courses on technology, competitive strategy, product development, and the management of innovation.

• Current research, teaching, and consulting on these issues spans a range of industries including biotechnology, pharmaceutical and health care, among others.

Education: Ph.D. University of California, Berkeley; B.A. in economics, Yale University

Prof. Dr. Richard Schrock

• Recipient of the 2005 Nobel Prize for Chemistry

• Frederick G. Keyes Professor of Chemistry at the Massachusetts Institute of Technology

• Co-inventor and patent holder for several Mo & W based metathesis catalysts

• Member of Harvard University’s Board of Overseers

• Scientific advisor to several global pharmaceutical companies.

Education: Ph.D. Harvard University; B.A. University of California, Riverside


Scientific Advisory Board

XiMo’s Scientific Advisory Board come from various internationally renowned institutes (MIT, Boston College, etc.) and universities to whom XiMo enjoys long-term scientific relationship.

Institutes: MIT, Boston College, Osaka University, ETH Zürich, University of Stuttgart

Key personnel

R. Schrock (MIT)



A. Hoveyda (Boston College)



M. R. Buchmeiser (University Stuttgart)



C. Coperet (ETH Zürich)





The XiMo catalyst development lab is located at one of the most prominent science and innovation parks in Budapest, Graphisoft Park. The lab hosts several Hungarian and multinational research and informatics companies.

XiMo’s well-equipped lab is staffed by full-time XiMo Ph.D. scientists along with support personnel. As demand for XiMo’s technology grows, our team also expands.


The XiMo’s catalyst development laboratory is equipped with the state-of-the art laboratory infrastructure and instruments. XiMo has an in-house analytical laboratory for separation and structural identification (300 MHz NMR).
XiMo has a reliable partner for the the kilogram scale production of the catalysts.

Research team

The scientific team of XiMo gathered unique, diverse expertise during their professional career including catalyst design, organometallics, coordination chemistry, flavors and fragrances, agrochemicals, medicinal chemistry, total synthesis of natural products, and custom library synthesis.

The ‘in-house’ experience is supported by industrial and academic partners. The catalyst development is closely associated with XiMo’s academic partners (MIT, Boston College, University of Osaka, ETH, Zürich, University of Stuttgart, Institute of Polymer Chemistry etc.).

XiMo scientists work together with process chemists and  chemical engineers to meet the individual needs of our customers.

Olefin Metathesis Highlights

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XiMo AG (Headquarter)
Altsagenstrasse 3
CH-6048 Horw/Lucerne


Mel Luetkens, CEO

Georg Fráter, CSO

XiMo Hungary Ltd.,
Graphisoft Park 'DB' Bdg.
Záhony u. 7.
H-1031 Budapest

Levente Ondi, R&D Director,

Ximo Hungary Kft.