Like other major food ingredients companies such as Cargill, ADM and Roquette, British firm Tate & Lyle is also very proactive in bio-based chemicals segment especially through its joint venture DuPont Tate & Lyle Bioproducts.
Last week, Tate & Lyle announced that it will start contract producing corn-based farnesene for California renewable chemicals company Amyris. A similar deal by Amyris was taken in June 2010 with a facility of Biomin GMBH in Piracicaba, Brazil, which is expected to start farnesene production in the first half of 2011.
No timeline was disclosed when Tate & Lyle will start producing farnesene.
I asked Tate & Lyle how much farnesene will be also be produced but of course the answer was "cannot be disclosed." Tate & Lyle will produce the chemical building block in its Decatur, IL, facility, where the company also manufactures dextrose, food and industrial starches, and corn syrup.
Amyris, by the way, just reported last week it's third quarter results. The company said it was able to get net proceeds of $90.7m from its IPO in September. Amyris' balance of cash, cash equivalents and marketable securities was $271m at the end of the third quarter vs $207.5m in Q2.
The company also mentioned its recent partnership with flavors and fragrance company Firmenich to develop a cost-effective and reliable source of a key ingredient used in the fragrances & flavors market.
[Photo of Tate & Lyle Decatur facility by ecfman]