IFF and Amyris teamed up in April 2013 to develop a sustainable, cost-effective, and reliable source of key fragrance ingredients. Under the terms of the multi-year agreement, IFF will have exclusive rights to the renewable fragrance ingredients developed for applications in the flavors and fragrances sector, and Amyris will have exclusive rights in other sectors.
“As we near the first anniversary of our collaboration with Amyris, we are delighted to launch the next phase of the project,” remarked Nicolas Mirzayantz, IFF Group President, Fragrances. “This arrangement supports our long-term strategy, which focuses on both innovation and portfolio maximization.”
Mirzayantz continued, “In our 125-year history, we have been market leaders in the area of innovation and this recent work with Amyris reflects our continuing commitment to lead in this area. We believe that the creation of cost-effective molecules will have a positive impact on our Fragrance Ingredients business as well as the creative capabilities of our Fragrance compounds business.”
Amyris’s President and CEO, John Melo, added, “We are extremely pleased with the success in our collaboration with IFF and are optimistic about the prospect for scaling up new fragrance compounds using our technology platform.”
For more information on IFF, please visit www.iff.com. Information about Amryis is available at www.amyris.com
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