Suntory has released a $6m tranche to take its overall investment in chemical processing technology developer Anellotech to $30m.
Anellotech, a US-based developer of chemical production processing technology, has received the final $6m tranche of a $15m commitment from consumer beverage group Suntory.
The capital adds to Suntory’s $9m investment in January 2018, released because Anellotech met unspecified performance milestones. Suntory has now contributed more than $30m in funding since striking up a partnership with Anellotech in 2012.
Founded in 2008, Anellotech has developed a biochemical and fuel production process called Bio-TCat that yields plastic materials and transportation…
