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CA-Based Company Announces Major Funding for Biofuels

Amyris sees entry into biodiesel as first step into market for alternative fuels that could be used in today's engines.

"Amyris Biotechnologies, which announced $70 million in Series B funding today, says it can make a biofuel that can run in regular car engines, not just diesel, and it can do it with current biofuel plant technology.  Unlike other cellulosic startups, Emeryville, Calif.-based Amyris, spun out from the University of California, Berkeley, in 2003, isn't making ethanol. "Our fuels are hydrocarbons. They're designed, as closely as possible, to resemble components in current gasoline, in petroleum diesel, in jet fuel," Neil Renninger, Sr. VP of development and co-founder of Amyris Biotechnologies, told Cleantech.com."

Cleantech.com, September 19, 2007 

http://media.cleantech.com/node/1806/print

Submitted By J. Andrews

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This page contains a single entry published on September 19, 2007 9:33 PM.

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