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People & Business :: Emerging Companies

Albemarle Signs Renewable Oils Supply Deal

11:38 AM MDT | August 23, 2011 | Rebecca Coons

Albemarle says it agreed to supply base oils  made from renewable-based farnesene to Novvi (São Paulo, Brazil), a joint venture between Cosan S.A. Industria e Comercio and biotech firm Amyris (Emeryville, CA). Amyris and Cosan formed the jv in June to supply base oils to finished lubricant manufacturers. Albemarle plans on beginning production at its Orangeburg, SC facility "in the near future" using farnesene produced by Amyris. "Albemarle is truly excited to partner with Amyris and Novvi on this opportunity," says Ron Gardner...

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