QUOTE AND NEWS
Benzinga  Jan 21  Comment 
McDermott International Inc. (NYSE: MDR) shares touched a new 52-week low of $2.145. UBS downgraded McDermott from Buy to Neutral. Forestar Group Inc. (NYSE: FOR) shares tumbled 3.73% to reach a new 52-week low of $13.69. Forestar Group shares...
Biomass Magazine  Jan 21  Comment 
Amyris Inc. has announced it plans to launch its first industrial cleaning products containing Amyris's Myralene renewable solvents through U.S. AutoForce and U.S. Lubricants, divisions of U.S. Venture Inc.
Motley Fool  Dec 29  Comment 
Falling production costs will allow Amyris to double production capacity in 2015, and likely again in 2016, while also allowing the company to profitably enter multiple markets. Time to take a closer look.
Biomass Magazine  Dec 17  Comment 
Amyris Inc. 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.
Motley Fool  Nov 8  Comment 
Solazyme realized that it needs to sell high value products to survive, but Amyris realized that over 12 months ago. What can investors learn from execution at Amyris, and how does it translate to the new strategy at Solazyme?
Biomass Magazine  Nov 6  Comment 
Amyris Inc. has released third quarter financial results, reporting record renewable product revenue of $11.5 million. Record revenue and lowered production cost resulted in the first quarter of positive product gross margin.
Biomass Magazine  Sep 9  Comment 
Amyris, Braskem and Michelin have announced that Braskem is joining a collaboration already launched in 2011 between Michelin and Amyris. The collaboration was initiated to develop and commercialize renewable isoprene.




 
TOP CONTRIBUTORS

Amyris Biotechnologies (NASDAQ:AMRS) creates, sells, and distributes renewable products that replace chemicals and fuels made from petroleum. Amyris genetically modifies yeast cells to ferment feedstocks into a series of different target molecules. The company then sells these target molecules to replace additives or fuels which are made from petroleum. The company originally focused on using sugar cane stalks and turned them into farnesene which is key additive in detergents, cosmetics, and transportable fuels among other things. Amyris has continued to diversify both the inputs it can take and the output molecules it can produce. Amyris has pushed to make its products competitive, both in price and effectiveness of replacement, even if they are renewable.[1]

Amyris currently does not have any commercial level efforts in place. It has only established a test facility next to its laboratories in California. The company hopes to expand to commercial distribution levels during 2011 by establishing contracts with sugar cane mills in Brazil. The company has agreed through a letter of intent with a large Brazilian manufacturer to establish a joint venture facility which would turn 10% of their sugar cane into farnesene.[2] The company has also entered into commercialization agreements with large chemical and cosmetic companies such as Procter & Gamble Company (PG).[3]

The company's initial public offering of stock filed on the NASDAQ and went public on the 27 of September 2010. It priced at $16, which was well below the initial price range of $18-$20. The company raised $85M by offering 5.3M shares. The lead underwriter of the deal were J P Morgan Chase (JPM), Morgan Stanley (MS), and Goldman Sachs Group (GS).[4]

Despite not producing at commercial levels, the company has achieved a net revenue for 2009 of $65M. However, due to the high Research & Development costs associated to its developmental stage, it incurred a net loss of $64M.[5]

References

  1. AMRS S-1/A 2010 "Our Company" pg 1
  2. AMRS S-1/A 2010 "Commercial Production" pg 2
  3. AMRS S-1/A 2010 "Commercialization and Distribution" pg 2
  4. Renaissance Capital - IPO "Amyris Biotechnologies prices IPO at $16, below the proposed range" 28 Sept 2010
  5. AMRS S-1/A 2010 "SUMMARY CONSOLIDATED FINANCIAL DATA" pg 10
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