June 23, 2010

Busy Amyris

California-based Amyris has been very busy this week, with its newly formed joint venture with Brazilian ethanol company Cosan and its new partnership (and investor) with French oil company Total.

Amyris announced today that Total has acquired 17% of Amyris' stake and that it will have the right to appoint a member of the Amyris Board of Directors. The press release did not exactly mentioned any specifics other than that both companies' research and development teams will work together to develop new products and build biological pathways to produce and commercialize renewable fuels and chemicals.

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