Amyris, Total Form Diesel and Jet Fuels Joint Venture

Amyris (NASDAQ: AMRS  ) and its largest shareholder, French oil major Total (NYSE: TOT  ) , are joining forces to sell fuel products made from renewable sources. According to a press release issued by Amyris, each holds a 50% stake in the newly formed Total Amyris BioSolutions, which will produce and market renewable diesel and jet fuel. The joint venture will hold the exclusive rights to and a license for Amyris' processes in the production of such goods.

That technology involves, in Amyris' words "using its proprietary synthetic biology platform to design microbes, primarily yeast, and use them as living factories in established fermentation processes to convert plant-sourced sugars into renewable hydrocarbons."

The joint venture's products won't hit the market for some time. In the press release, Amyris quoted Total's president of marketing and services and new energies, Philippe Boisseau, as saying that currently "we are in the phase of scaling-up the industrial process and we expect to start commercialization within the next few years, once our joint research and development goals are met."


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2754597, ~/Articles/ArticleHandler.aspx, 4/20/2014 3:41:00 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement