Total invest $82 million in Amyris biofuels collaboration

Total to invest $82 million in Amyris biofuels collaboration

9:28 AM, 1st August 2012
Total to invest $82 million in Amyris biofuels collaboration

EMERYVILLE, US: Total agreed to fund the development of renewable diesel and jet fuels of Amyris Inc. Total will provide $30 million this quarter and may contribute more in mid-2013 and 2014, Amyris said in a statement. Total agreed to provide as much as $82 million over three years, and the companies plan to form a joint venture to market the biofuel products.

© Bloomberg News

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