As a result, Amyris sold farnesene to its collaboration partner for conversion to LFR in the first quarter of 2017 alone equaling all of the material shipped in fiscal 2015 and 2016 combined and expects to see continued shipments during 2017 to meet accelerated demand.

We are pleased with the early success and market adoption of our partner's LFR additive from a sustainable source for tires. The recognized performance qualities of winter tires using LFR has caused notable interest by leading tire companies and has resulted in substantially stronger demand in 2017 than either Amyris or our collaboration partner had anticipated. We are encouraged by the market reception toward utilizing LFR to make safer high-performance tires and excited at the expanded use beyond winter tire applications. This is a great example of our impact on making our planet healthier, providing consumers with a better performing tire and helping our partners gain market share.

—John Melo, President & CEO of Amyris

Amyris converts plant sugars into hydrocarbon molecules. The company is delivering its No Compromise products across a number of markets.