Amyris teams with Blue California to manufacture ingredients in China
In California, Amyris announced that it has expanded the scope of its relationship with Phyto Tech Corp (D/B/A “Blue California”). Blue California is based in Southern California and is a global leader in food, flavor and fragrance ingredients and nutraceuticals.
Amyris No Compromise® ingredients into China have been more than doubling in sales and are expected to continue strong growth in the personal care and nutrition segments. To support this product growth without capital investment, Amyris has entered into an agreement with Blue California whereby its affiliates will provide access to its fermentation manufacturing in China and provide the necessary capital to produce No Compromise ingredients for Amyris. Blue California and its affiliates have an expanding fermentation production base in China with capacity to support the Amyris technology. This partnership also includes Blue California’s status as the preferred contract manufacturer for Amyris outside China when and where it is able to meet the current cost structure of Amyris production to maintain Amyris’s low cost, high performance product value proposition. In this relationship, Amyris will provide the technology and our partner is providing the capital and capacity for manufacturing that meets Amyris’s demand and Amyris is responsible for delivering the products to its customers and collaboration partners.
With the strong demand for farnesene-based Vitamin E oil with another Amyris partner in China, and the company’s opportunity to supply intermediates and ingredients for the large and fast growing Chinese food ingredients market, the revenue opportunity in China is significant. The company expects to generate $50 million or more in revenue over the next 12-18 months from its sales into China.
Category: Fuels
