EMERYVILLE, Calif., June 29, 2015 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq:AMRS), the industrial bioscience company, today announced the successful completion of a diesel demonstration program with Volkswagen of America, Inc. that was designed to test the commercial readiness of Amyris renewable diesel and its ability to enhance VW's innovative and advanced diesel technology. The collaboration included evaluating emissions reductions and demonstrating performance of Volkswagen's existing TDI® Clean Diesel technology using advanced renewable diesel fuel.
Utilizing vehicles provided by VW in real-world driving conditions, the two-year-long program to assess the results reinforced the company's data that greenhouse gas (GHG) emissions were reduced by more than 60 percent on a well-to-wheel basis when using Amyris's No Compromise® renewable diesel. In addition, the program demonstrated fuel economy that was similar to or improved over petroleum-based fuels, together while maintaining outstanding engine performance under a variety of conditions.
"The results of this program provide additional validation for renewable fuels and showcase the tremendous market potential for Amyris's advanced renewable diesel," said John Melo, President & CEO of Amyris. "Growing awareness of these benefits contributes to increased consumer awareness, end-user demand pull and future adoption of renewable fuels at a larger scale."
Amyris is the integrated renewable products company that is enabling the world's leading brands to achieve sustainable growth. Amyris applies its innovative bioscience solutions to convert plant sugars into hydrocarbon molecules, specialty ingredients and consumer products. The company is delivering its No Compromise® products in focused markets, including specialty and performance chemicals, fragrance ingredients, and cosmetic emollients. More information about the company is available at www.amyris.com.
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 market potential for Amyris's renewable diesel and the company's expectations that increased consumer awareness will lead to end-user demand pull, and future adoption of renewable fuels at a larger scale) 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, among other things, risks detailed in the "Risk Factors" section of Amyris's annual report on Form 10-Q filed on May 5, 2015. 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 and No Compromise are trademarks or registered trademark of Amyris, Inc. All other trademarks are the property of their respective owners.
CONTACT: Peter DeNardo Director, Investor Relations and Corporate Communications Amyris, Inc. +1 (510) 740-7481 firstname.lastname@example.org