The Massachusetts Institute of Technology’s Technology Review — (Green Energy Reporter will be on the MIT campus this weekend for the university’s annual energy conference) — visited the Brazilian lab of U.S. biofuel startup Amyris. We’ve posted a link to the video below the fold.
Amyris, using a process developed at the University of California – Berkeley, has created a sugar-based hydrocarbon molecules that can be converted into greener jet fuel, industrial chemicals or biodiesel. See here to see the video.
Last month U.S. venture capital firm Stratus Group invested 10 million reais ($5.4 million/€4.0 million/ £3.61 million) in Amyris’s Brazilian subsidiary. The investment will help Amyris finance its 140 million reais acquisition of 40 percent of the Boa Vista sugar cane mill.
Since launching in 2003, Amyris has raised around $165 million from funds Texas Pacific Group, Kleiner Perkins Caufield and Byers, and Khosla Ventures, reports GreenTechMedia via SeekingAlpha.