Amyris and ETH Bioenergia sign agreement to produce Biofene in Brazil for high-performance renewable chemicals and fuels; Amyris’ 6th production deal
Renewable chemicals and fuels company Amyris, Inc. and ETH Bioenergia, a leading producer of ethanol, electric energy and sugar controlled by Odebrecht S.A, signed a memorandum of understanding for the formation of a joint venture to produce Biofene, Amyris’s renewable farnesene.
Under the agreement, the joint venture would be able to access up to two million tons of sugarcane crush capacity per year at one of ETH’s greenfield mills in Brazil. The joint venture will be controlled by ETH, and Amyris will have exclusive marketing rights for the Biofene produced at the facility. By leveraging ETH’s skills on biomass production and industrial performance and Amyris’s technology, the parties expect to be able to begin production by 2014.
The joint venture with ETH represents Amyris’s sixth production agreement at locations spanning three continents. Amyris is scaling its Biofene production in Brazil, Europe and the United States through various production arrangements.
Through the JV with ETH and other agreements already in place, Amyris now has access to 15 million tons of sugarcane crush capacity for its production, according to AMyris CEO John Melo.
ETH has invested R$6 billion (US$3.4 billion) in its facilities and is committed to investing an additional R$2 billion (US$1.1 billion), taking all its units to their maximum production capacity, generating 3 billion liters (793 million gallons US) of ethanol and 2,700 GWh of electric energy by 2013.