SAO PAULO, Dec. 16, 2014 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq:AMRS) welcomed the approval of its renewable jet fuel by Brazil's fuels regulator, ANP, clearing the way for the commercialization in Brazil of the Amyris renewable jet fuel in blends of up to 10 percent.
"Building on the revised ASTM International standard for aviation turbine fuel approved in June, Brazil's ANP last week removed the last regulatory hurdle for the use of our renewable jet fuel in Brazil. We meet the most rigorous performance requirements in the aviation industry and are now commercializing our product in Brazil as well as around the world," said John Melo, President & Chief Executive Officer of Amyris.
"The airline industry continues to experience strong growth and, while current low oil prices may provide a short-lived respite, the impact of carbon pollution is undeniable. Amyris and its partners are contributing to reductions in greenhouse gas emissions with our renewable fuel. We are pleased that leading airlines, such as Air France, Lufthansa and KLM are, or will soon be, flying with a blend of our renewable jet fuel," added Melo.
Study: 90% GHG Reduction
Environmental Science & Technology, a respected scientific journal, published an evaluation of the carbon footprint of Amyris's farnesane, including various production scenarios and land use. The authors concluded that farnesane produced from Brazilian sugarcane has a net life cycle emission of 8.5 grams CO2eq/MJ. When compared with its fossil equivalent, this would represent a reduction of approximately 90% on a lifecycle basis.
"In Brazil, where our renewable jet fuel is produced, air travel has been growing rapidly during the last decade. Yet Brazil continues to import much of its jet fuel and taxes renewable fuels at rates that sometimes exceed taxes on fossil fuels. At Amyris, we believe our jet fuel represents a great opportunity for Brazil to support local economic development and reduce the country's dependence on imported fuel, all while contributing to reductions in carbon emissions," concluded Melo.
About the Company
Amyris is a global renewable products company providing sustainable alternatives to a variety of non-renewable resources. Amyris uses its innovative bioscience technology to convert plant sugars into hydrocarbon molecules. Amyris creates ingredients and is commercializing its No Compromise® products in the flavors and fragrances, cosmetics, specialty fluids, polymers, lubricants, and fuels industries. Amyris Brasil Ltda., a subsidiary of Amyris, oversees the establishment and expansion of Amyris's production in Brazil. More information about Amyris is available at www.amyris.com.
Amyris 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 potential economic and environmental benefits of Amyris jet fuel and expectations for commercialization of and flights with that fuel) 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 and commercialization of products, liquidity and ability to fund capital expenditures, Amyris's reliance on third parties to achieve its goals, and other risks detailed in the "Risk Factors" section of Amyris's quarterly report on Form 10-Q filed on November 7, 2014. Amyris disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise.
Amyris, the Amyris logo and No Compromise are trademarks or registered trademarks of Amyris, Inc. All other trademarks are the property of their respective owners.
CONTACT: Amyris, Inc. Joel Velasco Investor & Media Relations +1 (510) 740-7481 firstname.lastname@example.org