April 26, 2010

Green IPO week

Big money news last week came from Amyris Biotechnologies and Codexis.

Amyris finally filed with the SEC for an initial public offering (IPO) of $100m. The company's current R&D focuses on sugarcane-based chemicals especially farnesene, a molecule which can be used as a renewable chemical ingredient for consumer and industrial products and as a fuel.
"We believe that we will be able to enter certain specialty chemical markets with farnesene if we can attain at commercial production scale the 15% yield that we have achieved at two liter scale. We will continue to seek to improve our yield of farnesene and other molecules in order to enter additional markets profitably and improve our production economics." - Amyris

More on this post
Post a Comment