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Anellotech Scores Additional $6Mn Suntory Investment (Ind. Report)
Anellotech,Suntory
Date: 2018-03-28
Pearl River, New York-based renewable chemicals, bioplastics and fuels from non-food biomass producer Anellotech, is reporting two weeks of continuous operation of its seven-story tall TCat-8 pilot plant in Silsbee, Texas, producing primarily benzene, toluene, and xylenes (aromatics) from loblolly pine feedstock. The company also reports receipt of an additional $6 million investment from Suntory Holdings Limited, which was part of a previously announced $15 million package. To date, Suntorys has invested more than $30 million in Anellotech.

The Anellotech Bio-TCat Process's cost-competitive renewable aromatic chemicals are "drop in" replacements for their identical petroleum-derived counterparts, and can be used in manufacturing plastics renewable transportation fuels.

The alliance with Suntory, one of Anellotech's principal strategic investment partners, began in 2012 with the goal of enabling the development and commercialization of cost-competitive 100 pct bio-based plastics for use in beverage bottles. Suntory currently uses 30 pct plant-derived materials for its Mineral Water Suntory Tennensui brands and is pursuing the development of a 100 pct bio-based PET bottle through this alliance, as part of its commitment to sustainable business practices. (Source: Anellotech Inc., PR, 28 Mar., 2018) Contact: Anellotech Inc. David Sudolsky, Pres., (845) 735-7700, DSudolsky@anellotech.com, www.anellotech.com

More Low-Carbon Energy News Suntory news,  Anellotech news,  Biochemical news,  Bioplastic news,  Renewable Fuel news,  PET Plastic news,  


Anellotech Raises $9M from Suntory Holdings (Funding)
Anellotech,Suntory Holdings
Date: 2018-01-22
In the Empire State, Pearl River based renewable chemicals and fuels from non-food biomass producer Anellotech reports Japanese consumer beverage company Suntory Holdings Limited has invested $9 million as part of a total $25 million investment in Anellotech .

Anellotech's Bio-TCat Process will produce cost-competitive renewable chemicals, benzene, toluene and xylenes from non-food biomass for use in manufacturing polyester, nylon, polycarbonate, polystyrene, or renewable transportation fuels. (Source: Anhellotech, FinSMEs, 21 Jan., 2018)Contact: Anellotech, David Sudolsky, (845) 735-7700, DSudolsky@anellotech.com, www.anellotech.com

More Low-Carbon Energy News Anellotech,  Suntory Holdings,  

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