Conversion of Loblolly Pine into BTX as Unit Commissioning Nears Completion; Files Form D with SEC for $0.8 million equity investment.
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.”