The company, which makes biofuel from a microbes, said it will stay the course, and expects a demo flight with its biofuel soon.
Amyris is set to begin producing chemicals at a large scale through a contract manufacturing deal--a big step for the renewable chemical and biofuels industry, which has struggled to scale up.
Eyeing Brazil, biotech company Amyris plans to raise $100 million to build facilities that convert cane sugar into replacements for petroleum-based fuels.
Biotech start-up has genetically optimized microbes to produce diesel fuel from sugar cane. Its first plant, in California, will be followed by a commercial plant in Brazil.
Sugar cane is mostly used for ethanol today, but Amyris says it will be a feedstock for more powerful fuels by 2010.
In joint venture, Dow Chemical to make plastics from sugar-cane-derived ethanol and plastics to cut its use of fossil fuel feedstocks.
Get to work, microbes.
Hydrogen is good, but biofuel is now, says biofuel exec.
Making industrial chemicals from plants is easier to crack into than the cut-rate world of transportation fuels for young green-tech companies seeking a commercial foothold.
Gore joins Kleiner Perkins, which is sort of Silicon Valley royalty. The firm is still looking for its big clean tech moment.