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Amyris Signs Agreement with Kuraray to Develop Renewable Polymers

Published on 2011-08-17. Author : SpecialChem

EMERYVILLE, Calif. -- Amyris, Inc. has signed a collaboration agreement with Kuraray Co., Ltd. to develop innovative polymers from Biofene™, a renewable hydrocarbon building block made using Amyris's technology. Under the agreement, Kuraray will use Biofene to replace petroleum-derived feedstock such as butadiene and isoprene in the production of specified classes of high-performing polymers. Upon successful completion of the technical development program for the first polymer, Amyris and Kuraray will enter into a supply agreement for Kuraray's exclusive use of Biofene in the manufacturing and commercialization of these polymer products.

"We are very excited to partner with Amyris, a leading renewable products company, to develop innovative polymer products with Biofene," said Yasuhiro Yamamoto, director and senior executive officer of Kuraray. "We are confident the new Biofene polymer products will become important additions to our product portfolio and be an integral part of our growth strategy."

"We are committed to bringing innovative, high-performing and sustainable products to the polymers market," said John Melo, CEO of Amyris. "Partnering with an industry leader like Kuraray allows us to expand the use of Biofene to produce high-performance polymers as well as strengthen our timely and successful route to market."

About Kuraray

With proprietary technology in polymer chemistry and synthetic chemistry, Kuraray has been developing chemicals and resins, fibers and textiles, high-performance materials, medical products and others. Kuraray has subsidiaries in 16 countries and regions outside Japan.

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 parties' ability to successfully develop and commercialize Biofene polymers and the marketability of such polymers) 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 those associated with any delays or failures in development, production or commercialization of products, our reliance on third parties to achieve our goals, and other risks detailed in the "Risk Factors" sections of Amyris's annual report on Form 10-K filed on March 14, 2011 and quarterly report on Form 10-Q filed on May 11, 2011. Amyris disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise.

Source: Amyris


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