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Amyris says in 2014 it earned more, introduced renewable jet fuel

Amyris, which uses bioscience to convert plant sugars into hydrocarbon molecules, said that during 2014 it was able to introduce new products like renewable jet fuel and that its revenues improved from the previous year.



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“For full year 2014, the company realized total revenues of $43.3 million, a 5% increase over prior year. Product sales increased by nearly 50% despite lower than expected fuel sales in the second half of the year, due to drop in crude oil prices and currency headwinds,” the company said.

 

The company, which also makes lubricants, said that “over the last year we introduced several new products, including (…)renewable jet fuel with our partner Total, now included in global aviation specifications.”

 

Amyris says that is revenues consist of collaboration and grant revenues and product sales.

 

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