US-based sustainable technology company Anellotech’s collaboration with Japan-based beverage company Suntory recently received a “Top 10 Innovations” award at the 2017 Innovation for Cool Earth Forum (ICEF) in Japan.
ICEF, which is hosted annually by Japan’s Ministry of Economy, Trade and Industry, and New Energy and Industrial Technology Development Organization, is aimed at addressing climate change through innovation. ICEF brings together global leaders and experts from business, academia and the public sector to promote discussion and cooperation on innovation in energy and environmental technology.
US-based Anellotech focuses on producing cost-competitive renewable chemicals from non-food biomass. The alliance with Suntory, one of Anellotech’s principal strategic investment partners, began in 2012 with the goal of developing new technology leading to the commercialization of cost-competitive 100% bio-based plastics for use in beverage bottles.
Suntory currently uses 30% plant-derived materials for its Mineral Water Suntory Tennensui brands and is pursuing the development of a 100% bio-based PET bottle through this alliance, as part of its commitment to sustainable business practices. The Japanese company also invested more than US$25 million in Anellotech’s Bio-TCat technology.