US biotech firm Amyris plans to build a $75-million factory in Barra Bonita, a city in the middle of São Paulo state, to produce chemical compounds that can be used in industries ranging from food to cosmetics to fuels. Raízen, a joint venture between Cosan and Shell, will provide the cane syrup and the energy that will be used to create the compounds. CEO John Melo said Amyris will provide 30% of funding from its own cash and the rest through loans, although no additional details were provided.
Source: Valor Econômico