Thu Dec 5, 2013 02:13 PM CST

STREATOR, Ill. (DTN) -- Amyris, Inc. and Total Fuels Inc. said in a news release Thursday, Dec. 5, that the companies formed Total Amyris BioSolutions B.V., a 50-50 joint venture that now holds exclusive rights and a license under Amyris' intellectual property to produce and market renewable diesel and jet fuel from Amyris' renewable farnesene.

Total is Amyris' largest investor, holding an 18% stake.

"The joint-venture Total Amyris BioSolutions is a first step towards the commercialization of our renewable diesel and jet fuels," said Philippe Boisseau, president, Marketing & Services and New Energies, and a member of Total's Executive Committee.


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