Amyris Chief Sees Renmatix as Path to Cheaper Sugars, Biofuels

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Amyris Inc. is seeking to make renewable fuel that can compete on price with crude oil with a process that uses hot water to convert wood waste into sugars, said Chief Executive Officer John Melo.

Amyris, a biotechnology company based in Emeryville, California, gets most of its sugars from cane farms in Brazil and is looking for cheaper alternatives to produce diesel fuel and plant-based chemicals, he said.