Amyris Inc. (AMRS:US), the biotechnology company partially owned by Total SA (FP), received a $4 million equity investment from Kuraray Co. as the companies extended a joint venture.
Kuraray, a Tokyo-based maker of fiber and chemicals, is adding two years to a 2011-2014 agreement with Amyris to develop bio-based liquid rubber, according to a statement today. The material can be used in tires to reduce rolling resistance and boost a vehicle’s fuel efficiency.
Amyris, based in Emeryville, California, uses genetically modified microorganisms to convert plant sugars into fuels and specialty chemicals.
Total, France’s largest oil producer, owned 18 percent of Amyris as of Jan. 15, according to data (AMRS:US) compiled by Bloomberg.
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