Amyris Approved Loan For Brazil Cane-to-Fuel Precursor Facility

Amyris Inc. (AMRS), a U.S. biotechnology company, has been approved a 22 million-real ($12.6 million) loan by Brazil’s national development bank, known as BNDES, for a facility that turns sugar cane into a raw material for fuel.

Amyris started producing so-called farnesene at the plant, located in Piracicaba, in the Brazilian state of Sao Paulo, earlier this year, the Emeryville, California-based company said today in a statement.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.