5 December 2013
Details
Amyris and TOTAL
announced today the formation of
Total Amyris Biosolutions B.V.,
a 50-50 joint venture that
now holds exclusive rights and a license under
Amyris' Intellectual Property
to produce and market renewable diesel and jet fuel
from Amyris renewable Farnescene.
TOTAL is Amyris's largest investor,
holding approximately 18 % of outstanding common stock,
and is deeply committed to the development of
the next generation of renewable fuels from biomass.
TOTAL,
Phillippe Boisseau,
President, Marketing & Service and New Energies and
a Member of TOTAL's executive committee
- The joint venture Total Amyris Biosolutions is a first step
towards the commercialization of
our renewable diesel and jet fuels
- 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.
- As far as commercialization is concerned,
the new joint-venture will benefit from
the know-how and customer access of TOTAL,
which operates in more than 130 countries and
is aiming to become a key supplier in renewable fuels
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