Amyris to Enter Partnership to Supply Renewable Jet Fuel to GOL Airlines
Leading Airline in Brazil Seeks to Use Amyris's Sugarcane-Derived Jet Fuel
Following Industry Validation and Regulatory Approvals
SAO PAULO, BRAZIL, Oct. 23, 2013 (GLOBE NEWSWIRE) -- Amyris, Inc.
(Nasdaq:AMRS), a leading renewable fuels and chemicals company, and GOL Linhas
Aéreas Inteligentes S.A. (BM&FBOVESPA:GOLL4) (NYSE:GOL), the largest low-cost
and low-fare airline in Latin America, announced the signing of a memorandum
of understanding that could pave the way for GOL commercial flights to use
Amyris renewable jet fuel in 2014. The anticipated partnership was announced
during the first commercial flight with a renewable jet fuel in Brazil by the
airline earlier today.
"GOL is committed to making commercial aviation more efficient and
sustainable. Our experimental flight with renewable jet fuel at the Rio+20 in
2012 was an important step to guide our work. Today, we advance one more
step," said Adalberto Bogsan, Vice President of GOL.
Under the memorandum of understanding, GOL and Amyris will work together to
establish a framework for bringing Amyris renewable jet fuel produced from
Brazilian sugarcane to GOL's commercial flights following regulatory approvals
and validation by standard-setting bodies, including ASTM International and
Brazil's Oil, Gas and Biofuels Agency (ANP).
The partnership, under of auspices of the Brazilian Biofuels Platform, an
industry and government-supported initiative to encourage the use of renewable
fuels in aviation, was announced at Brazilian Aviation Day celebration, which
included participation of Brazil's Secretary of Civil Aviation, Minister
Moreira Franco, and a number of industry stakeholders including Brazilian
Airlines Association (ABEAR), Brazilian Biodiesel and Biojet Association
(UBRABIO), GE, and Boeing among others.
"GOL supports all initiatives to help make Brazilian aviation more
sustainable," says Paulo Kakinoff, President of GOL. During this past year,
the airline's fuel saving initiatives have helped it to reduce greenhouse gas
emissions by over 30 thousand tons.
Lifecycle analysis indicates that the Amyris renewable jet fuel could reduce
greenhouse gas emissions by 80% or more when compared to convention
fossil-derived jet fuel. Amyris has applied for certification under the
Roundtable of Sustainable Biomaterials (RSB) and is a member of Bonsucro, the
world's leading sugarcane sustainability standard.
"We are committed to working with the aviation industry to bring cleaner
skies, starting in Brazil in 2014. Following two successful demonstration
flights and a series of successful tests with multiple industry stakeholders,
we look forward to receiving ASTM validation and ANP approval of our
breakthrough renewable jet fuel produced from Brazilian sugarcane," said John
Melo, Amyris's President & CEO.
Amyris operates a production facility, located adjacent to the Paraíso
sugarcane mill in Brotas, São Paulo in Brazil, to convert sugars into a
renewable hydrocarbon, farnesene, which can be processed into a drop-in
renewable jet fuel compliant with Jet A/A-1 specifications following
regulatory and industry approvals.
During 2013, GOL completed a number of projects and has established even more
solid partnerships. In September, GOL participated in the launch of the Céus
Verdes do Brasil Project ("Brazilian Green Skies" in Portuguese), which aims
to improve the efficiency of Brazilian airspace. And today, GOL makes history
by being the first airline to make a commercial flight with a renewable jet
fuel in Brazil.
About the Companies
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 as No Compromise®
renewable ingredients in cosmetics, flavors and fragrances, polymers,
lubricants and fuels. 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.
GOL Linhas Aéreas Inteligentes S.A. (BM&FBovespa:GOLL4) (NYSE:GOL), the
largest low-cost and low-fare airline in Latin America, offers around 970
daily flights to 65 destinations in 10 countries in South America, Caribbean
and the United States under the GOL and VARIG brands, using a young, modern
fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most
efficient and most economical of their type. The SMILES loyalty program allows
members to accumulate miles and redeem tickets to more than 560 locations
around the world via flights with foreign partner airlines. The Company also
operates Gollog, a logistics service that retrieves and delivers cargo and
packages to and from more than 3,500 cities in Brazil and eight abroad. With
its portfolio of innovative products and services, GOL Linhas Aéreas
Inteligentes offers the best cost-benefit ratio in the market. More
information about GOL is available at www.voegol.com.br
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 expectations for regulatory and
industry approval of Amyris jet fuel, Amyris and GOL entering into an
anticipated collaboration under a memorandum of understanding, potential use
by GOL of Amyris jet fuel in commercial flights, and the timing of such use,
and the anticipated environmental and other benefits of Amyris jet 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 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-Q, as filed on August 9, 2013.
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
CONTACT: Amyris, Inc.
+1 (510) 740-7481
GOL Linhas Aereas Inteligentes S.A.
Renata Bayarri (S2publicom)
+55 11 3027 0277
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