Perhaps the last announcement of a partnership in the renewable products industry comes from both the US and Brazil. Amyris, a company which specializes in the production of renewable products, announced today it had signed a partnership agreement for a joint venture with Brazilian alternative energy company Cosan, which would see efforts being stepped up for the production and commercialization of renewable base oils.
“This joint venture demonstrates our ability to reach into large, established markets with a paradigm-changing renewable product and a near-term commercialization outlook,” said John Melo, Amyris CEO.
“Cosan´s experience and leadership in sugarcane, and its mission to grow value-added renewable products make them the ideal partner to establish a winner in the renewable base oils space.”
The JV will be producing the oils by applying Amyris’s synthetic biology platform, using sugarcane as a feedstock for the creation of farnesene, or Biofene. This in turn is being converted into high-end base oils.
According to the two companies, these new oils are a tree-hugger's biggest dream: they reduce smoke, odor and greenhouse gas emissions by over 80 percent compared with petroleum-sourced base oils.
"We believe this joint venture will strengthen our overall business by bringing new and high performance renewable products to our portfolio," added Marcos Lutz, Cosan CEO.
“Amyris’s technology can greatly expand the range and value of products that we can derive from sugarcane and improve Cosan’s portfolio outside of the Cosan/Shell joint venture.”