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Synata Bio’s Sylonto Project Awarded $4.5 Million NDRC Grant

Nov 19, 2024over 1 year ago

Contract Type

partnership

WarrenvilleBiotechnologyBiomass EnergyBiofuel

Description

Synata Bio’s Sylonto project has been awarded a $4.5 million grant from China’s National Development and Reform Commission (NDRC) for deploying their technology into a commercial waste carbon-to-ethanol facility integrated into the Henan Energy Group’s chemicals production site, Henan Longyu. The project aims to transform on-site waste gases into 50,000 tons of chemical-grade ethanol per year, with plans to expand that to 500,000 tons annually by 2028.

Company Information

Company

Synata Bio

Location

Warrenville, Illinois, United States

About

Synata Bio is a U.S. company that delivers turnkey carbon utilization technology to transform on-site waste gases into ethanol.

Predictive Intelligence
Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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