Amyris gives up on biofuels for cosmetics

Amyris is giving up on making biofuels to focus on other, higher margin products.
According to Technology Review, Amyris CEO John Melo said in a conference call that the company was "humbled by the lessons we have learned" in trying to reach production volumes required for transportation fuels.
Amyris's technology, which converts renewable sugars into other molecules that can be converted into lots of things, still may be used in fuel production, but under the banners of joint ventures Amyris established with Total and Cosan, who must build their own production capacity, Technology Review reported.