of environmentally-friendly renewable feedstocks including
sugarcane, corn and cellulose, to produce high-value compounds. This
technology has been proven in Amyris' earlier non-profit project, funded
through a grant to the Institute for One World Health from the Bill and
Melinda Gates Foundation, to reduce the production cost of
artemisinin-based anti-malarial drugs. Using the same technology platform,
Amyris is now developing capabilities to produce a slate of high-performing
hydrocarbon transportation biofuels that are environmentally friendly,
cost- effective, and compatible with current engines and distribution
"Amyris is designing better biofuels from designer bugs," said John
Doerr, partner at Kleiner Perkins Caufield & Byers. "This is a big deal
because Amyris' cost competitive biofuels will work with existing engines
without compromising performance and will have a lower carbon footprint.
This financing will help Amyris scale with speed."
Amyris expects to close the second tranche of its Series B financing by
the end of 2007.
About Amyris Biotechnologies
Amyris Biotechnologies (http://www.amyrisbiotech.com) is applying its
proprietary, breakthrough technology to address major global health and
energy challenges. Amyris' technology is used to produce high-value
compounds to enable the production of lower cost artemisinin-based
anti-malarial drugs and a slate of renewable hydrocarbon biofuels which are
expected to be cost-effective and compatible with existing engines and
distribution infrastructure. Based in Emeryville, CA, Amyris is a
privately-held venture backed company whose investors include DAG Ventures,
Khosla Ventures, Kleiner Perkins Caufield & Byers and TPG Ventures.
Page: 1 2 Related biology technology :1
|SOURCE Amyris Biotechnologies|
Copyright©2007 PR Newswire.
All rights reserved
. Speaker announces business members of IT Task Force2
. Doyle announces technology tax credits for Berbee3
. Doyle announces new energy, global warming policies4
. Doyle announces $80M renewable energy strategy5
. GE announces first installation of Discovery VCT6
. UWM announces winners of RGI awards7
. Third Wave announces two senior management appointments8
. Mirus announces new method for making antibodies9
. Merge announces sofware updates, upcoming acquisition10
. Small Tree announces ethernet solution for Apple Xserv G511
. TEKLYNX International announces new RFID software