Ingredients to be cost effective, sustainable and reliable
Flavours and fragrances company International Flavours & Fragrances Inc. (IFF) and renewable products company Amyris have announced plans for a multi-year collaboration to develop and commercialise sustainable ingredients for the flavours and fragrances market.
IFF and Amyris will work together to develop a sustainable, cost effective and reliable source of key fragrance ingredients. Under the agreement, IFF will retain the exclusive rights to the renewable fragrance ingredients for applications in the flavours and fragrances industry, while Amyris will have exlusive rights in other fields; economic value derived from the ingredients will be shared.
Doug Tough, IFF Chairman and CEO, said: “IFF has a highly developed expertise in the creation of flavours and fragrances, and Amyris is a leader in the industrial biotechnology space. As our companies join forces we look forward to co-creating new cost effective, sustainable ingredients to meet the growing needs of our customers and the global consumer.”
John Melo, Amyris President and CEO, said: “Our collaboration with IFF is a critical element of our strategy to build on our synthetic biology platform to deliver new renewable ingredients to a range of industry sectors. We are confident in achieving the milestones we have set under this as well as our other collaborations in the flavours and fragrances space.”