Amyris Renewable Jet Fuel Receives Regulatory Approval in Brazil
December 16 2014 - 8:00AM
Amyris, Inc. (Nasdaq:AMRS) welcomed the approval of its renewable
jet fuel by Brazil's fuels regulator, ANP, clearing the way for the
commercialization in Brazil of the Amyris renewable jet fuel in
blends of up to 10 percent.
"Building on the revised ASTM International standard for
aviation turbine fuel approved in June, Brazil's ANP last week
removed the last regulatory hurdle for the use of our renewable jet
fuel in Brazil. We meet the most rigorous performance requirements
in the aviation industry and are now commercializing our product in
Brazil as well as around the world," said John Melo, President
& Chief Executive Officer of Amyris.
"The airline industry continues to experience strong growth and,
while current low oil prices may provide a short-lived respite, the
impact of carbon pollution is undeniable. Amyris and its partners
are contributing to reductions in greenhouse gas emissions with our
renewable fuel. We are pleased that leading airlines, such as Air
France, Lufthansa and KLM are, or will soon be, flying with a blend
of our renewable jet fuel," added Melo.
Study: 90% GHG Reduction
Environmental Science & Technology, a respected scientific
journal, published an evaluation of the carbon footprint of
Amyris's farnesane, including various production scenarios and land
use. The authors concluded that farnesane produced from Brazilian
sugarcane has a net life cycle emission of 8.5 grams CO2eq/MJ. When
compared with its fossil equivalent, this would represent a
reduction of approximately 90% on a lifecycle basis.
"In Brazil, where our renewable jet fuel is produced, air travel
has been growing rapidly during the last decade. Yet Brazil
continues to import much of its jet fuel and taxes renewable fuels
at rates that sometimes exceed taxes on fossil fuels. At Amyris, we
believe our jet fuel represents a great opportunity for Brazil to
support local economic development and reduce the country's
dependence on imported fuel, all while contributing to reductions
in carbon emissions," concluded Melo.
About the Company
Amyris is a global renewable products company providing
sustainable alternatives to a variety of non-renewable resources.
Amyris uses its innovative bioscience technology to convert plant
sugars into hydrocarbon molecules. Amyris creates ingredients and
is commercializing its No Compromise® products in the flavors and
fragrances, cosmetics, specialty fluids, polymers, lubricants, and
fuels industries. Amyris Brasil Ltda., a subsidiary of Amyris,
oversees the establishment and expansion of Amyris's production in
Brazil. More information about Amyris is available at
www.amyris.com.
Amyris Forward-Looking Statements
This release contains forward-looking statements, and any
statements other than statements of historical facts could be
deemed to be forward-looking statements. These forward-looking
statements include, among other things, statements regarding future
events (such as the potential economic and environmental benefits
of Amyris jet fuel and expectations for commercialization of and
flights with that fuel) that involve risks and uncertainties. These
statements are based on management's current expectations and
actual results and future events may differ materially due to risks
and uncertainties, including those associated with any delays or
failures in development, production and commercialization of
products, liquidity and ability to fund capital expenditures,
Amyris's reliance on third parties to achieve its goals, and other
risks detailed in the "Risk Factors" section of Amyris's quarterly
report on Form 10-Q filed on November 7, 2014. Amyris disclaims any
obligation to update information contained in these forward-looking
statements whether as a result of new information, future events,
or otherwise.
Amyris, the Amyris logo and No Compromise are trademarks or
registered trademarks of Amyris, Inc. All other trademarks are the
property of their respective owners.
CONTACT: Amyris, Inc.
Joel Velasco
Investor & Media Relations
+1 (510) 740-7481
info@amyris.com
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