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|Amyris, Inc., was formed as a California corporation in 2003 under the name Amyris Biotechnologies, Inc. The Company is a renewable products company. It provides alternatives to petroleum-sourced products used in transportation fuel markets and specialty chemical. The Company uses its proprietary synthetic biology platform to design microbes, primarily yeast, and use them as living factories in established fermentation processes to convert plant-sourced sugars into renewable hydrocarbons. The Company develops and commercializes products from these hydrocarbons in markets, including cosmetics, lubricants, flavors and fragrances, polymers and plastic additives, home and personal care products and transportation fuels. The Company develops technology capable of creating microbial strains to produce artemisinic acid - a precursor of artemisinin, an effective anti-malarial drug. It granted a royalty-free license to this technology to Sanofi-Aventis, which currently expects to begin distributing artemisinin-based anti-malarial drugs made through its technology in 2013. Its production operations involve two steps. First, the company produces the target molecule by means of an industrial fermentation process. In certain cases this target molecule is itself the desired end product. In other cases, target molecule must be converted into the desired end product by means of chemical finishing steps where the company uses chemical synthesis of the initial target molecule to produce a final target molecule. It has two operating subsidiaries, Amyris Brasil Ltda., and Amyris Fuels, LLC,. Amyris Brasil oversees the establishment and expansion of Amyris's production in Brazil, and Amyris Fuels was established to help the Company develop fuel distribution capabilities in the United States. The Company competes with both the traditional, largely petroleum-based specialty chemical and fuels products that are used in markets. The Company is subject to a variety of federal, state, local and international laws, regulations and permit requirements governing the use, generation, manufacture, transportation, storage, handling and disposal of these materials in the U.S., Brazil and other countries.|
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