Amyris and IFF Announce a Multi-Year Collaboration to Develop and Commercialize Sustainable Ingredients for the Flavors and Fragrances Market

Amyris's picture
Printer-friendly versionPrinter-friendly version

Apr 29, 2013

Amyris Breakthrough Industrial Biosynthesis Technology Platform to Reduce Supply Volatility of Critical Ingredients for the Aroma Industry

International Flavors & Fragrances Inc. (NYSE:IFF), a leading global creator of flavors and fragrances for consumer products, and Amyris today announced a collaboration to develop and commercialize a specific set of renewable fragrance ingredients.

Under the terms of the multi-year agreement, IFF and Amyris will jointly develop a sustainable, cost-effective and reliable source of key fragrance ingredients. IFF will have exclusive rights to these renewable fragrance ingredients for applications in the flavors and fragrances field, and Amyris will have exclusive rights in other fields. IFF and Amyris will share in the economic value derived from these ingredients.

Doug Tough, IFF Chairman and CEO said, "IFF has a highly developed expertise in the creation of flavors and fragrances, and Amyris is a leader in the industrial biotechnology space. As our companies join forces we look forward to co-creating new cost-effective, sustainable ingredients to meet the growing needs of our customers and the global consumer."

"Our collaboration with IFF is a critical element of our strategy to build on our synthetic biology platform to deliver new renewable ingredients to a range of industry sectors," said John Melo, Amyris President & CEO. "We are confident in achieving the milestones we have set under this as well as our other collaborations in the F&F space," Melo concluded.

"We are excited to strengthen our biotechnology platform and continue exploring additional opportunities that biotechnology offers," said Ahmet Baydar, IFF Senior Vice President of R&D. "We are confident that the synergies between our two companies will lead to a long-term, mutually-rewarding relationship."

Notes to editors

International Flavors & Fragrances Inc. (NYSE:IFF) is a leading global creator of flavors and fragrances used in a wide variety of consumer products. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents and household goods, as well as beverages, sweet goods and food products. The Company leverages its competitive advantages of consumer insight, research and development, creative expertise, and customer intimacy to provide customers with innovative and differentiated product offerings. A member of the S&P 500 Index, IFF has more than 5,700 employees working in 32 countries worldwide. For more information, please visit our website at www.iff.com.

Contact information

Name
Amyris Public Relations
Job Title
Division
Amyris, Inc
Telephone
+1 (510) 597-5577
Fax
+1 (510) 225-2645
Mobile
Email
info@amyris.com

About Amyris, Inc.
Amyris is an integrated renewable products company focused on providing sustainable alternatives to a broad range of petroleum-sourced products. Amyris uses its industrial synthetic biology platform to convert plant sugars into a variety of molecules -- flexible building blocks that can be used in a wide range of products. Amyris’s initial portfolio of commercial products is based on Biofene®, Amyris’s brand of renewable farnesene, a long-chain hydrocarbon. Amyris is commercializing these products both as No Compromise® renewable ingredients in cosmetics, flavors and fragrances, polymers, lubricants and consumer products, and also as No Compromise renewable diesel and jet fuel. 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 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 or 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 Form 10-K, as filed annually. Amyris disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise.

News Source : Amyris and IFF Announce a Multi-Year Collaboration to Develop and Commercialize Sustainable Ingredients for the Flavors and Fragrances Market

Copy this html code to your website/blog to embed this press release.

Comments

Post new comment

12 + 3 =

To prevent automated spam submissions leave this field empty.