Renewable chemicals and fuels company Amyris, in partnership with ETH Bioenergia, has signed a memorandum of understanding (MoU) for the formation of a joint venture to produce Biofene, Amyris’s renewable farnesene, in Brazil.
The firms have invested R$6bn ($3bn) and plan to invest an additional R$2bn ($1.1bn) to generate 3bn litres of ethanol and 2,700 GW/h of electric energy by 2013.
As per the agreement, the joint venture will access up to two million tons of sugarcane crush capacity per year at one of ETH’s greenfield mills in Brazil.
Amyris CEO John Melo said the company will be able to market renewable products made from Biofene produced at one of ETH’s new mills.
"Through this joint venture with ETH, and other agreements already announced in Brazil, Amyris now has access to 15 million tons of sugarcane crush capacity for our production," Melo said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
