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Markets :: Alternative Fuels :: Bioethanol
Total Buys into U.S. Biofuels Start-up
7:21 AM MDT | June 23, 2010 | Alex Scott
Total says it has agreed to acquire 17% of the equity of Amyris (Emeryville, CA), a biotech firm. Financial details were not disclosed. The firms say that under their agreement their R&D teams will work together to develop new products and build biological pathways to “produce and commercialize” fuels and chemicals from renewable raw materials. Amyris brings expertize in industrial synthetic biology and production capacity in Brazil, while Total provides the partnership with technological know-how, industrial scale-up capabilities and access to...
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