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Business

Toyota group firm invests in Anellotech

by Melody M. Bomgardner
July 18, 2016 | APPEARED IN VOLUME 94, ISSUE 29

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Credit: Anellotech
Anellotech’s testing facility is in a 25-meter-high building in Texas.
Credit: Anellotech
Anellotech’s testing facility is in a 25-meter-high building in Texas.

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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