Suntory has now invested a total of $25m in the chemical and fuel production technology developer, and could add $6m more.
Anellotech, a US-based developer of chemical production processing technology, has secured $9m of a $15m funding commitment from consumer beverage group Suntory Holdings.
The funding was secured after Anellotech fulfilled unspecified performance milestones, and it has now raised more than $25m from Suntory since the companies formed a partnership agreement in 2012.
Founded in 2008, Anellotech is developing a biochemical and fuel production process called Bio-TCat that uses non-food biomass sources such as wood and sawdust to create plastic materials…
