Thursday, December 1, 2011

Amyris, Total expand joint biofuels venture

Renewable fuels and chemicals company Amyris Inc. and French energy giant Total have expanded their partnership to produce renewable diesel products through a joint venture, to which Total will contribute an additional $105 million on top of the $180 million the companies already have committed, according to financial filings.
The 50-50 joint venture has the exclusive rights to produce and market renewable diesel and jet fuel worldwide. It also has a non-exclusive agreement to develop and market other non-fuel products. The venture will begin operations in the first quarter of 2012.

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