US Amyris expands cooperation with Swiss flavours firm Firmenich

14 March 2013 12:57  [Source: ICIS news]

HOUSTON (ICIS)--US renewable chemicals firm Amyris and Swiss flavours and fragrances (F&F) producer Firmenich have expanded their cooperation to develop and commercialise renewable ingredients for the F&F market, they said on Thursday.

With the expansion, Firmenich will have exclusive access to Amyris' technology platform for the F&F market, the companies said in a joint statement.  

In return, Firmenich provides Amyris with “significant funding over the next six years,” they said without disclosing financial details.

Under their partnership, Amyris and Firmenich will jointly select additional target F&F ingredients that Amyris will develop and manufacture, they said.

Firmenich will market and distribute any ingredients resulting from the collaboration in the F&F market. Both companies will share in the economic value derived from the sale of these ingredients, they said.

“This partnership leverages Firmenich's world class biotechnology platform within the F&F industry, enabled by our leading team of molecular biologists and unique intellectual property, as well as, our deep client intimacy and market understanding,” said  Patrick Firmenich, CEO of Firmenich.

By: Stefan Baumgarten
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly