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Business
Toyota group firm invests in Anellotech
by Melody M. Bomgardner
July 18, 2016
| A version of this story appeared in
Volume 94, Issue 29
Anellotech, a Pearl River, N.Y.-based start-up, has disclosed receiving funding from Toyota Tsusho, a member of the Toyota Group, to develop its biobased aromatics technology. Anellotech is using funds from Toyota Tsusho and other investors to complete installation of a development and testing facility in Silsbee, Texas. Anellotech’s catalytic technology produces benzene, toluene, and xylenes from nonfood biomass. Toyota Tsusho is interested in converting the aromatics into biobased polyester packaging.
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