Amyris to Collaborate With COFCO Nutrition and Health Research Institute of China
29 February 2016 As part of a collaboration agreement, Amyris Inc. will provide improved strains of HI-RYS (Hyper-Integration for Rapid Yeast Strain Engineering) technology to COFCO Nutrition and Health Research Institute Co Ltd, a subsidiary of China National Cereals, Oils, and Foodstuff Corp.
“We are very excited with the opportunity to enable COFCO to grow more sustainably as it works to feed and fuel the world’s most populous country,” said John Melo, President and CEO of Amyris. “This initial project poses an exciting opportunity for Amyris to apply the world’s leading bioscience platform to lower the cost and improve the performance of the many products we rely on in our day-to-day lives.
“COFCO NHRI has been leading the way in China with pioneering technology and is continuing its legacy by pursuing even greater adoption of bioscience. We are proud to have COFCO as our partner and look forward to expanded opportunities with them in the future. This agreement includes the potential for a long term income stream based on the performance of our improvements and is consistent with our business model of enabling the world’s leading companies to grow sustainably, while providing Amyris short-term payment and long-term economics on these improvements.”
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