Anellotech Achieves Key Process Technology Operating Milestone; Receives Additional $6 Million Investment from Suntory
Click here to read Anellotech's Press Release on Achieving Key Process Technology Operating Milestone & Receiving Additional $6 Million Investment from Suntory.
Anellotech is developing the Bio-TCat™ process to produce cost-competitive renewable aromatic chemicals (benzene, toluene and xylenes, “BTX”) from non-food biomass for use in making plastics such as polyester, nylon, polycarbonate, polystyrene, or for renewable transportation fuels. Bio-TCat’s cost-competitive advantage results from the use of non-food biomass such as wood or agricultural residues, and an efficient and economical catalyst as the only significant inputs.
By using renewable and readily available non-food feedstock materials the Bio-TCat process is less expensive compared to bio-based processes relying on sugar as a feedstock, and avoids competition with the food chain. These renewable products are expected to be produced and sold profitably either against identical, petroleum-derived BTX counterparts, or as renewable fuel blend stocks. Anellotech complements its world-class R&D team with in-depth, highly-interactive, and long-term alliances with leaders in process development, catalysis, engineering design, and licensing to accelerate development and drive cost-competitiveness. IFPEN is our process development and scale-up partner, Johnson Matthey is our catalyst development partner, and Axens is our partner for industrialization, commercialization, global licensing and technical support. Industry-leading strategic partners in the BTX supply chain, including Suntory and Toyota Tsusho, as well as other confidential strategic investors, also have provided funding to Anellotech. To learn more, please visit: www.anellotech.com