H&R makes equity investment into Novvi joint venture

October 28, 2017 |

In Germany, H&R USA, a company of The Hansen & Rosenthal Group, of Hamburg (Germany), and Novvi LLC (California) today announced that H&R has made an equity investment into Novvi LLC, a joint venture of Amyris, Inc., Cosan S.A., American Refining Group and Chevron USA. Terms of the transaction were not disclosed. Novvi’s products and technology are focused on the global lubricant market and produces targeted hydrocarbon molecules from plant sugar for automotive, industrial, marine, and construction applications.

“We are pleased that H&R, a company with a long tradition as a global innovator with hundreds of oil and wax based specialty products has joined with Novvi to support further growth in renewable products to meet growing consumer demand for high performance and sustainably sourced products,” said John Melo, Amyris President & CEO in their press release. “This demand continues to contribute to our strong revenue growth and to support our mission of accelerating the transition to high performance, sustainably sourced products. We are very pleased to have H&R join us, Cosan, Chevron and ARG on this mission.”

 

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