PEARL RIVER, N.Y. and
SUGAR LAND, Texas, Jan. 20, 2016 /PRNewswire/ -- Anellotech, a
sustainable technology company focused on producing
cost-competitive renewable chemicals from non-food biomass, today
announced that the Company has selected South Hampton Resources
(SHR), a wholly owned subsidiary of Trecora Resources (NYSE: TREC),
as the operating partner and site host for its fully-integrated
development and testing facility (TCat-8™). Construction of a
building and related facilities to house the pre-built unit is
scheduled to begin after receipt of permits in late January with
completion and operation scheduled during 2016. TCat-8 will be
located on SHR's site in Silsbee,
Hardin County, Texas.
This 25 meter-tall unit will confirm the viability and
suitability of the Bio-TCat process for scale-up, and generate the
data needed to design commercial plants using Bio-TCat technology.
The TCat-8 unit was jointly designed by Anellotech and its R&D
partner IFPEN, and will use a novel catalyst under joint
development by Anellotech and Johnson
Matthey.
"SHR brings a proven track record of efficiently and safely
constructing, hosting and operating chemical projects, and has a
superb staff of chemical plant operators, maintenance craftsmen,
plant supervisors, ESH and analytical personnel," said David Sudolsky, President and CEO of Anellotech.
"By partnering with SHR, Anellotech can leverage their operational
expertise and experience. They have a reputation for excellent
service as evidenced by their extensive, long-term relationships
with domestic and international customers. Anellotech is
teaming up with partners that have deep experience and expertise
across the chemical supply chain. SHR is an ideal fit as our
partner for the TCat-8 development and testing facility. This is an
important step as we continue our program to commercialize the
Bio-TCat process to cost-competitively produce renewable chemicals
from non-food biomass."
Trecora Resources CEO, Simon
Upfill-Brown, commented, "We are pleased that Anellotech
selected South Hampton Resources as the partner and site for this
innovative development project. We look forward to working with
Anellotech on the construction and operation of the TCat-8 unit,
and helping to ensure that the Bio-TCat process meets the industry
leading quality standards for which SHR is known."
About Anellotech
Anellotech is developing the Bio-TCat
process to produce cost-competitive renewable aromatic chemicals
(benzene, toluene and xylenes, "BTX") from non-food biomass, in
collaboration with IFPEN, Axens, Johnson
Matthey, Suntory and other major multinational companies.
This proprietary process will provide "drop in" bio-derived BTX as
an alternative to their identical petroleum-derived counterparts.
By using biomass as a source feedstock for aromatic chemicals,
Anellotech is lowering these chemicals' lifecycle carbon footprint.
Anellotech complements its world-class R&D team with in-depth,
highly-interactive, and long-term partnerships with leaders in
process development, catalysis, engineering design, and licensing
to accelerate development and drive cost-competitiveness. IFPEN is
our process development and scale-up partner, Johnson Matthey is our catalyst development
partner, and Axens is our partner for industrialization,
commercialization, global licensing and technical support.
Industry-leading strategic partners in the BTX supply chain,
including Suntory and another multinational corporate investor that
invested $7 million in November 2015, have provided capital to
Anellotech. For additional information, please visit:
http://anellotech.com/.
About Trecora Resources (TREC) and South Hampton
Resources
TREC owns and operates South Hampton Resources,
located in southeast Texas, just
north of Beaumont, which
specializes in high purity hydrocarbons and other petrochemical
manufacturing. TREC also owns and operates Trecora Chemical, a
leading manufacturer of specialty polyethylene waxes and provider
of custom processing services located in the heart of the
petrochemical complex in Pasadena,
Texas. In addition, the Company is the original developer
and a 35% owner of Al Masane Al Kobra Mining Co., a Saudi Arabian
joint stock company.
With more than 60 years experience, South Hampton Resources is
the industry leader in product quality and service to the customer.
In addition to petrochemical production, South Hampton also
provides custom processing and product development work for others
in the industry. The wide variety of available equipment and the
ready source of good quality hydrogen enables South Hampton to
assist others with their particular needs. Customers include many
Fortune 500 oil and chemical companies. South Hampton is known for
its ability to act quickly and for its flexibility in meeting
customer's needs.
For further
information contact:
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David
Sudolsky
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Cory
Ziskind
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Anellotech
Inc.
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ICR
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+1 (845) 735 7700
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+1 (646) 277 1232
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DSudolsky@anellotech.com
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cory.ziskind@icrinc.com
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Trecora
Resources/South Hampton Resources:
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Nick Carter,
Chairman
(409) 385-8300
ncarter@trecora.com
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Investor Relations
Contact:
Don Markley
The Piacente Group
212-481-2050
trecora@tpg-ir.com
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SOURCE Trecora Resources