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 personal care and nutraceutical actives, as well as farnesene-derivative products.
Should the first plant begin producing in 2020 for Southeast Asian markets, it is anticipated that US$60 million to US$80 million in annual revenue would be generated.
This would potentially give a two- to three-year payback for investors in the production plant.
