High Quality Content by WIKIPEDIA articles! Olefin metathesis is an organic reaction that entails the redistribution of fragments of alkenes (olefins) by the scission and regeneration of carbon-carbon double bonds. Catalysts for this reaction have evolved rapidly for the past few decades. Because of the relative simplicity of olefin metathesis it often creates fewer undesired by-products and hazardous wastes than alternate organic reactions. Because of their elucidation of the reaction mechanism and their discovery of a variety of highly efficient and selective catalysts, Yves Chauvin, Robert H. Grubbs, and Richard R. Schrock were collectively awarded the 2005 Nobel Prize in Chemistry.