Amyris OK'd for $22M project financing from BNDES

November 2, 2011 |

In California, Amyris announced that it has received final approval from the Brazilian Development Bank (BNDES) for a R$ 22 million project financing facility for Amyris Brasil Ltda.’s first industrial-scale production facility located in Piracicaba, São Paulo.

“We are very appreciative of the confidence shown by BNDES in approving funding for the first of our Brazilian production facilities,” said John Melo, CEO of Amyris. “This relationship demonstrates the important role BNDES can play in enabling our technology to add value to the sugarcane sector. The funds support our investment in production capital expenditures, and we look forward to expanding our relationship with BNDES and the Brazilian government as we advance on our production of renewable chemicals and fuels in the country.”

Category: Fuels

Thank you for visting the Digest.