30 November 2011 21:42 [Source: ICIS news]
HOUSTON (ICIS)--US biotech firm Amyris is forming a joint venture (JV) with French energy major Total to develop, produce and commercialise a range of renewable fuels and products, the company said on Wednesday.
The JV will have exclusive rights to produce and market renewable diesel and jet fuel worldwide, as well as non-exclusive rights to other renewable products such as drilling fluids, solvents, polymers and specific bio-lubricants.
The new company is expected to begin operations in the first quarter of 2012, Amyris said.
The two companies have also agreed to expand an existing research and development programme to accelerate the deployment of Biofene and develop renewable diesel based on this molecule produced from plant sugars.
Total has committed to contribute $105m (€79m) in funding for an existing $180m programme, Amyris said.
Biofene is Amyris’s trademark farnesene molecule. Farnesene is a 15-carbon isoprenoid.($1 = €0.75)
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