100%RenewablePlasticBottleSignificantlyClosertoRealityAfterSuccessfulProduction

ofBio-basedParaxylenefromNon-foodBiomassBio-basedBenzeneIsNext

PearlRiver,NY,andParis,France–26February2019–SustainabletechnologycompanyAnellotechanditsjointdevelopmentpartnersIFPENandAxenshaveprocessedrenewably-sourcedaromaticsmadeatAnellotech’sTCat-8®pilotplanttosuccessfullyrecoverhigh-puritybio-basedparaxylene–akeycomponentformaking100%bio-basedPETbottlesareality.

ThisisakeydevelopmentmilestoneforAnellotechandglobalconsumerbeveragecompanySuntory,asthetwopartners will collaborate to produce the bottles. Anellotech, IFPEN and Axens will now purify additionalparaxylene to create pilot sample 100% bioPET beverage bottles – as well as sample quantities of bio-basedbenzenewhosederivatives (nylon,ABS, polycarbonate, linear alkyl benzene) areused in clothing, toys,mobilephonesandlaundrydetergent.“We’re delighted with this achievement, a key milestone on the path to 100% bio-based PET bottles,” saidMunehikoTakada,ChiefSpecialistofPackagingMaterialDepartmentatSuntory.“High-puritybio-paraxyleneisanimportantmaterialforourbusiness,especiallyfromasustainabilityviewpoint.”Anellotechhasbeenproducingrenewably-sourcedaromaticsforpurificationbyIFPENandAxens inEurope.Sincetheannouncementof a successful two-week continuous trial inMarch2018at Anellotech’s TCat-8® pilot plant atSilsbee,Texas,over4,000hoursofcumulativeon-streamtimehavebeenachieved.Aninitialvolumeofhigh-puritybio-paraxylenetestsampleshasbeenproduced.Thesesampleshavecompletelymet all of the ASTM International specifications for downstream derivatives in conversion to PET. As largeramounts of paraxylene are purified, Anellotech will begin to make renewable PET resin for prototype bottlemanufactureandproducttrials.Thiswillbetheindustry’sfirstmajorproductionofbio-PETfromcontinuous,cost-effectiveprocessingofnon-foodbiomass.DavidSudolsky,PresidentandCEOofAnellotechsaid, “Thesuccessfulproductionofhigh-puritybio-paraxylenefrom non-food biomass feedstock represents a significant accomplishment for Anellotech, its partners andindustry at large, as this latest breakthrough brings 100% renewable plastic bottles closer to reality. ProjectplanningisnowunderwayforthefirstcommercialprocessplantwhichwilluseourproprietaryBio-TCatTMprocesstoproduceparaxylene,benzeneandotheraromaticsfromsustainably-sourcedloblollypinewood,tobeusedinbio-basedchemicalsandbiofuels.”“Thisisanimportantmilestonetoreachourmutualgoalandseethistechnologybecomeareality,”notedJean-PierreBurzynski,DirectoroftheProcessBusinessUnitatIFPEN.“CollaboratingwithAnellotechoffersusauniqueopportunity to participate in the development of an innovative and cost-competitive path to bio-aromatics,consistent with our objectives to develop cost-competitive renewable chemicals and fuels from non-foodbiomass.”Aswellasbio-paraxylene,Anellotechcontinuestoworkontherecoveryofbio-benzeneandtoluenefromTCat-8®output. Separation and purification of high-purity bio-benzene will enable sample volumes of a range ofimportant bio-based polymers such as nylons, polycarbonate, polystyrene and acrylonitrile-butadiene-styrene(ABS)tobeproduced.

“Today, the energy and chemical industries must be responsive and proactive in adapting their assets andoperationstocontributetoasustainablefuture.OurcommonprojectwithAnellotechandIFPENentersfully inthis objective. Bio-TCat will complete effectively our processes portfolio to transform biomass into fuel orchemicals.”saidPierreBeccat,ExecutiveVicePresidentTechnologyDevelopment&InnovationofAxens.

Bio-paraxylene:thekeysteptocreate100%bioPETbottles

Bio-basedBTXaromaticsmadewithBio-TCatTMtechnology,readyforpurification

AboutAnellotech

Anellotech (http://www.anellotech.com/) technology company focused on commercializing innovativeproductionof cost- competitive renewable chemicalsand fuels fromnon-foodbiomass. Founded in2008,Anellotech has raised US$80 million in cash and in-kind contributions to date. Its patented Bio-TCat™technologyisanefficientthermalcatalyticprocessforconvertingbiomassintoBTXaromatics(amixtureofbenzene, tolueneandxylene)whicharechemically identical topetroleum-basedcounterparts.Highpuritybenzene, toluene and xylenes are used to make commodity polymers such as polyester (polyethyleneterephthalate or “PET”), polystyrenes, polycarbonates, nylons and polyurethanes which are used tomanufacture plastic consumer goods such as beverage bottles, food packaging, clothing, footwear,carpeting, automotive and electronic components. Bio-TCatTM technology can also produce renewableAnelloMate™fuelblendstockswhichcanbeusedtolowertheGHGemissionsofproducinggasoline,jetfuel,diesel, and low-sulphur marine fuels. The Bio-TCatTM process is being demonstrated with loblolly pinefeedstocksatAnellotech’sTCat-8®pilotplantinSilsbee,Texaswhichiscurrentlyproducingaromaticsfromloblollypineandgeneratingdatatobeusedforscale-upandcommercialplantdesignbyAnellotechanditsengineeringandlicensingpartnersIFPENandAxens.

AboutAxensAxens(www.axens.net)isamajorinternationalprocesslicensingandengineeringfirmthatprovidesabroadrange of process and catalytic solutions to the oil refining, petrochemical, and natural gas industriesincluding novel technologies for renewable biomass conversion. They are ideally positioned to cover theentire engineering value chain for Bio-TCat technology including design and licensing packages, feasibilitystudies, unit start-up, and technical service. Axens success is based on highly trained human resources,modern production facilities and an extended global network of engineers and technicians formanufacturing,technical,andcommercialsupportservices.AboutIFPENIFPEnergiesnouvelles(IFPEN)(http://www.ifpenergiesnouvelles.fr/)istheFrenchpublicresearchentityanda major research and training player in the fields of energy, transportation, and the environment. Fromresearchtoindustry,technologicalinnovationiscentraltoallitsactivities,structuredaroundthreestrategicpriorities:sustainablemobility,newenergiesandresponsibleproductionanduseofoilandgasresources.IFPEN collaborates with Anellotech to leverage its expertise in fluid bed catalytic reactor technology,refining, and petrochemicals processing. In addition to extensive activities at its R&D center in Solaize,France,IFPENprovidestechnicalexpertstoworkon-siteatAnellotech’sTexaslocationtooperatetheTCat-8developmentunit.

AboutSuntorySuntory isoneof theworld’s leadingconsumerbeveragecompanieswithover$25billionannualsalesandhaspartnered with Anellotech to advance development and commercialization of cost-competitive aromatics,includingbio-paraxylene,thekeycomponentneededtomake100%bio-basedPETbottles.Suntorycurrentlyuses30%plant-derivedmaterialsforitsMineralWaterSuntoryTennensuibrandsandispursuingthedevelopmentofa100%bio-basedPETbottlethroughthisalliance,aspartofitscommitmenttosustainablebusinesspractices.Thealliancebeganin2012underacollaborationagreementandSuntoryhassinceprovidedmorethan$30million infundingtodate.

Forfurtherinformationcontact:AnellotechDavidSudolsky BárbaraMendes-JorgeAnellotechInc. SustainabilityConsult+1(845)7357700 +32(0)22338147DSudolsky@anellotech.com bmj@sustainabilityconsult.comIFPENAXENSAnne-LauredeMarignanCorinneGarriga+33147526207+33147142514anne-laure.de-marignan@ifpen.frcorinne.garriga@axens.net