US-based Amyris and France-based Total have formed Total
Amyris BioSolutions, a 50-50 joint venture that now holds
exclusive rights and a license under Amyris's intellectual
property to produce and market renewable diesel and jet fuel
from Amyris's renewable farnesene.
In the announcement made Thursday, Total said it would be
Amyris's largest investor, holding approximately 18% of its
outstanding common stock.
"The joint-venture Total Amyris Biosolutions is a first step
towards the commercialization of our renewable diesel and jet
fuels," said Philippe Boisseau, president of marketing
services and new energy for Total, and a member of the
company's executive committee.
"We are in the phase of scaling-up the industrial process and
we expect to start commercialization within the next few
years, once our joint research and development goals are
met," he continued.
"As far as commercialization is concerned, the new
joint-venture will benefit from the know-how and customer
access of Total, which operates in more than 130 countries
and is aiming to become a key supplier in renewable fuels."
Both companies noted that they are deeply committed to the
development of next-generation renewable fuels from biomass.
"The formation of this joint venture, anticipated by our
streamlined collaboration agreement signed last year, paves
the way for us to initiate our fuels commercialization
efforts globally, building on Amyris experience with
renewable diesel in Brazil and the growing demand for
lower-emission jet fuels worldwide," said John Melo, CEO of
"Total has been a strategic partner for Amyris for the last
three years and a model of how global companies can leverage
our inspired science to deliver sustainable solutions for a
growing world," Melo added.