Amyris, Total formed Total Amyris BioSolutions 50 -50 joint venture producing diesel, jet fuel

Amyris, Total JV for renewable diesel and jet fuel

11:05 AM, 6th December 2013
Amyris, Total  joint ventured business

PARIS, FRANCE: Amyris and Total have formed Total Amyris BioSolutions, a 50-50 joint venture that holds exclusive rights and a license under Amyris’s intellectual property to produce and market renewable diesel and jet fuel from Amyris’s renewable farnesene. Total is Amyris’s largest shareholder, holding approximately 18 per cent of the company’s outstanding common stock, and says it is committed to the development of next-generation renewable fuels from biomass.

“The formation of this joint venture, anticipated by our streamlined collaboration agreement signed last year, paves the way for us to initiate our fuels commercialization efforts globally, building on Amyris experience with renewable diesel in Brazil and the growing demand for lower-emission jet fuels worldwide. Total has been a strategic partner for Amyris for the last three years and a model of how global companies can leverage our inspired science to deliver sustainable solutions for a growing world,” said John Melo, President and CEO, Amyris Inc.

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