Amyris Biotechnologies will soon produce its first renewable diesel made from sugarcane using its newly purchased ethanol-producing mill owned and operated by the São Martinho Group.
Amyris now owns 40% stake in the Boa Vista mill and plans to manufacture sugarcane-based renewable products for the 2011-2012 harvest season. The mill currently has 2.25 million metric tons of sugarcane crush capacity.
The company paid R$140 million ($81.9m) for the stake through a combination of Amyris stock, cash and a note payable.
“São Martinho is the ideal partner for the initial commercial launch of our renewable products, providing complementary industry operating experience to support this first commercial conversion,” said John Melo, CEO of Amyris. “In addition, the Boa Vista mill is one of the most modern, efficient mills in Brazil – a fitting starting point for the launch of our renewable products.”
In addition to renewable diesel, Amyris said it expects to produce renewable chemicals for a variety of consumer products and industrial applications currently dependent on petrochemical components.
By the way, for more information on Brazilian sugarcane mills and other sugar-related industrial products manufacture in Brazil, check out the videos in our guest post by Joseph Chang.
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