Anellotech Announces First Successful Performance Test of its TCat-8® Pilot Plant

Conversion of Loblolly Pine into BTX as Unit Commissioning Nears Completion

Files Form D with SEC for $0.8 million equity investment

TCat-8 at commissioning start (Sept. 2016)

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PEARL RIVER, N.Y.--()--Anellotech, a sustainable technology company focused on producing cost-competitive renewable chemicals and fuels from non-food biomass, today announced that Anellotech and IFPEN/Axens engineers completed a successful continuous performance test of the TCat-8 pilot plant as part of unit commissioning in Silsbee, Texas. The test involved continuous injection of MinFreeTM woody biomass feedstock and production of BTX and other valuable chemical by-products. The primary objectives of the test were met by demonstrating steady control and operation of the reactor, stripper, and regenerator fluid bed systems with continuous catalyst circulation at design pressures and temperatures. Anellotech also filed a Form D with the US SEC disclosing a $0.8 million equity investment from a new, confidential strategic partner. The Company has now raised a total of $3.2 million in equity and R&D funds since its last funding update in October 2016.

“Being able to operate the unit continuously this early in our commissioning program is a significant achievement, especially considering the complexity of its various recycle loops at a pilot scale.” said Chuck Sorensen, Anellotech CTO. “This operating milestone is the outcome of three years of collaborative design, project management, construction, and start-up work by Anellotech’s R&D team, IFPEN, Axens, Johnson Matthey, South Hampton Resources, and other key advisors”.

Additional tests are planned to complete the commissioning phase and then commence process development studies to acquire data for commercial scale-up and design of the process.

“Thank you to all Anellotech and IFPEN/Axens employees for the hard work and long hours spent commissioning this unique pilot reaction system,” stated David Sudolsky, Anellotech President and CEO. “I’d also like to acknowledge our Pearl River, NY team for their efforts developing the MinFree biomass pretreatment process which is a key enabling technology for converting low cost biomass into sustainable chemical products. Together with our development partners, we are looking forward to a successful process development and commercialization scale-up program.”

About Anellotech

Anellotech is developing the Bio-TCatTM 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 co-products, C9+ aromatics and carbon monoxide, can be used to make cellulosic jet and ethanol bio-fuels respectively, via 3rd party technology. The key differentiators driving Bio-TCat’s cost-competitive advantage are its MinFree™ biomass pretreatment followed by a one-reactor catalytic process. The Bio-TCat reactor outlet hydrocarbon product requires only mild hydrotreating to remove trace impurities using existing oil refining technology. By using renewable and readily available non-food materials, such as sustainably harvested wood, corn stover and bagasse, the Bio-TCat process is less expensive compared to processes relying on sugar as a feedstock, and avoids competition with the food chain. As a result, these renewable chemicals 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 also have provided capital to Anellotech.

Contacts

Anellotech Inc.
David Sudolsky, +1-845-735-7700
DSudolsky@anellotech.com
http://anellotech.com/

Release Summary

Anellotech announces 1st successful performance test of TCat-8® pilot plant, conversion of pine wood into BTX as commissioning nears completion; files Form D w/ SEC for $0.8 million equity investment.

Contacts

Anellotech Inc.
David Sudolsky, +1-845-735-7700
DSudolsky@anellotech.com
http://anellotech.com/