Amyris, M+G Collaborate to Develop Renewable Fuels and Chemicals

Amyris, Inc. and M&G Finanziaria S.R.L announced today that they have entered into a two-part collaboration agreement. The first part of the agreement contemplates the incorporation of Amyris farnesene as an ingredient into M&G PET processing.

This would culminate in an off-take agreement that would commence upon successful completion of product integration. In the second part of the agreement, the parties will work together to combine access to low cost sugars by integrating M&G's ProEsa lignocellulosic process with Amyris’s synthetic biology platform to produce renewable fuels and chemicals.

“M&G is a leader in the supply of plastics to bottlers worldwide. By providing a renewable ingredient for a portion of their PET products, we are collaborating to improve the environmental profile of their business."

In April 2010, Amyris entered into a joint venture with São Martinho, a leading producer of sugar and ethanol, to construct the first commercial scale plant dedicated to the production of Amyris products. Amyris expects production from this plant may be used to provide farnesene for M&G.