Amyris & CJ CheilJedang Corporation partner to expand farnesene to Asia
In California, Amyris and CJ CheilJedang Corporation have signed a Memorandum of Understanding to support large-scale manufacturing of Amyris’s farnesene in existing CJ facilities. CJ is a leading producer of fermentation-based products such as feed amino acids, MSG, and nucleotides.
The arrangement described in the MOU would enable Amyris to utilize CJ’s state of the art manufacturing capacity while minimizing the capital investment necessary to support projected near- and mid-term demand for product applications using farnesene.
The partnership is also expected to include the opportunity for CJ Bio to market select Amyris products in Asian markets as well as the potential for Amyris to develop several products for CJ Bio. The companies are targeting completing a definitive agreement by the first week of August 2016.
“We are very pleased with the innovative approach of CJ CheilJedang, to support quickly ramping up our farnesene capacity with minimal capital investment and with the collaborative partnership to market some of our products in Asia,” said Amyris CEO John Melo. “This partnership completes our commercialization strategy by providing us the ability to meet our farnesene demand from our current partners without new investment from Amyris and underpins our expected capacity needs to meet farnesene demand that would require building 3-4 new plants the size of our Brotas facility by 2020.”
“We are excited to partner with Amyris and leverage the world’s leading Industrial Biotechnologies to support the growing bio economy in Asia,” said Hang Duk Roh, Head of CJ CheilJedang BIO.
Category: Fuels
