Amyris Partners with Queensland to Create the leading Industrial Biotechnology Hub in Southeast Asia
December 06 2016 - 8:30AM
Amyris, Inc. (Nasdaq:AMRS), the industrial bioscience company, and
the Government of Queensland, Australia today announced a
partnership to create a southeast hub of sustainable ingredients
production for the rapidly-growing personal care sector in Asia,
while supporting Queensland’s local economy and sugarcane industry.
The partnership aims to develop a new production plant with support
from local partners. The plant will produce Amyris’s high-value
personal care and nutraceutical actives, as well as
farnesene-derivative products.
Globally, key trends are driving expansion in the market for
sustainable ingredients that are natural and plant-derived rather
than animal derived, and that are efficient and pure, yet offer
high-performing characteristics. With economic expansion and
growing consumer demand for high quality skin care and
nutraceutical products in Asian countries this market is one of the
fastest-growing markets in the world for Amyris products and
technology.
Amyris ingredients are naturally derived from sustainable
sources and are delivering disruptive performance to its partner
companies and to their consumers. Many of these companies are based
in Asian countries and have significant current and projected
growth.
Queensland is the perfect location to build a strong Industrial
Biotechnology hub and manufacturing base to supply these markets
given its resources, cost-effective sugar supply source and
geographic location. The combination of Amyris, the world’s leading
industrial biotechnology with domain expertise in advanced
bio-manufacturing of sustainable products in partnership with
Queensland to support additional manufacturing capacity and access
to its local highly educated workforce and sugarcane is anticipated
to create a leading source of product and strong economic
development for the region. Should the first plant begin producing
in 2020 for Southeast Asian markets, it is anticipated that $60-$80
million in annual revenue would be generated. This would
potentially give a 2-3 year payback for investors in the production
plant.
“We welcome Amyris to Queensland and look forward to their
pursuit of innovative ideas. Amyris will enhance Queensland’s
reputation as a supportive investment location for the industrial
biotechnology and bioproducts sector. The Queensland Government is
committed to continuing to work with Amyris and will assist in
connecting the company with local suppliers and businesses,” said
The Honourable Annastacia Palaszczuk MP, Premier of Queensland.
“We’re delighted to working with Queensland to facilitate the
creation of what we expect will be a leading Industrial
Biotechnology hub supplying growing demand in Southeast Asia,” said
John Melo, Amyris President & CEO. “We’re very encouraged at
the commitment to innovation and sustainability demonstrated by the
Government of Queensland. The sustainability and performance of the
local sugarcane industry enables us to make this our second global
technology and manufacturing center, beyond our strong base in
Brazil. We expect this to be our first large scale implementation
of our capital light growth model, where we bring the technology
and the end customers and our partners fund and operate the
manufacturing. This model enables us to create more opportunities
to provide sustainable products for a better planet.”
Amyris and the Government of Queensland are actively working on
this program to facilitate pathways for the development of a
commercial plant and production. Through this alignment of each
parties’ common goals, clear lines have been established and first
industrial production of product at the new production facility is
expected to occur in 2020.
The two parties have enjoyed a long-term successful relationship
in working together to support global sustainability initiatives,
growth in renewable products and diversification of Queensland’s
economy. This initially began with the Queensland Government’s 2010
Queensland Sustainable Aviation Fuel Initiative, which studied the
feasibility of locally producing aviation biofuels using Queensland
sugar. More recently, in June 2016, Amyris and the Australian
Institute for Bioengineering and Nanotechnology at The University
of Queensland signed a Memorandum of Understanding (MOU) to support
the development of a Queensland-based biotechnology industry using
feedstock from local sugarcane.
About Amyris
Amyris is the integrated renewable products company that is
enabling the world's leading brands to achieve sustainable growth.
Amyris applies its innovative bioscience solutions to convert plant
sugars into hydrocarbon molecules and produce specialty ingredients
and consumer products. The company is delivering its No Compromise®
products across a number of markets, including specialty and
performance chemicals, flavors and fragrances, cosmetics
ingredients, and pharmaceuticals and nutraceuticals. More
information about the company is available at www.Amyris.com.
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 economic expectations of the announced
partnership; the timing, completion, productivity, investment
return or business results from of any contemplated production
facilities or arrangements, consumer demand for end-products, or
growth expectations of Amyris’s Asian partners 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 risks
related to manufacturing capacity at Amyris’s Brotas facility,
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 9, 2016. 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 and the Amyris logo are registered trademarks of Amyris,
Inc. All other trademarks are trademarks of their respective
owners.
Contacts:
Geoff Breusch
Principal Media Advisor
Queensland Government
+61 417 272 875
Geoff.Breusch@ministerial.qld.gov.au
Peter DeNardo
Director, Investor Relations and Corporate Communications
Amyris, Inc.
+1 (510) 740-7481
investor@Amyris.com
pr@Amyris.com
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