Amyris and the Government of Queensland, Australia, have announced a partnership to create a southeast hub of sustainable ingredients production for the rapidly growing personal care sector in Asia, while supporting Queensland’s local economy and sugarcane industry. The partnership aims to develop a new production plant with support from local partners.
The plant will produce Amyris’s highvalue personal care and nutraceutical actives, as well as farnesene-derivative products.
Amyris ingredients are naturally derived from sustainable sources and are delivering disruptive performance to its partner companies and to their consumers. Many of these companies are based in Asian countries and have significant current and projected growth.
Queensland is the perfect location to build a strong Industrial biotechnology hub and manufacturing base to supply these markets given its resources, cost-effective sugar supply source and geographic location. The combination of Amyris in partnership with Queensland is anticipated to create a leading source of product and strong economic development for the region. Should the first plant begin producing in 2020 for Southeast Asian markets, it is anticipated that $60-$80 million in annual revenue would be generated.
“We welcome Amyris to Queensland and look forward to their pursuit of innovative ideas. Amyris will enhance Queensland’s reputation as a supportive investment location for the industrial biotechnology and bioproducts sector. The Queensland Government is committed to continuing to work with Amyris and will assist in connecting the company with local suppliers and businesses,” said The Honourable Annastacia Palaszczuk MP, Premier of Queensland.
