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Press release from Business Wire

Ceres Sweet Sorghum Hybrids Processed by Amyris

<ul> <li class='bwlistitemmargb'> <i>Pilot project validates U.S.-produced sweet sorghum as a potential feedstock for advanced biofuels and bio-products.</i> </li> <li class='bwlistitemmargb'> <i>Conversion efficiency of sweet sorghum sugars were similar to sugarcane.</i> </li> </ul>

Thursday, May 03, 2012

Ceres Sweet Sorghum Hybrids Processed by Amyris08:30 EDT Thursday, May 03, 2012 THOUSAND OAKS, Calif. (Business Wire) -- Energy crop company Ceres, Inc. (Nasdaq: CERE) today announced its improved sweet sorghum hybrids were successfully processed into renewable diesel by Amyris, Inc. (Nasdaq: AMRS) under a U.S. Department of Energy (DOE) grant. Amyris is expected to present a summary of the results this afternoon at the 34th Symposium on Biotechnology for Fuels and Chemicals in New Orleans, Louisiana. The pilot-scale project evaluated both sugars and biomass from Ceres' sweet sorghum hybrids grown in Alabama, Florida, Hawaii, Louisiana and Tennessee. To process the sugars that accumulate in the plants, known as free or soluble sugars, the sorghum juice was first extracted from the stems and concentrated into sugar syrup by Ceres. The syrup was then processed by Amyris at its California pilot facility using its proprietary yeast fermentation system that converts plant sugars into its trademarked product, Biofene, a renewable hydrocarbon commonly known as farnesene, which can be readily processed into renewable fuels and chemicals. The inedible plant fibers of the sweet sorghum, known as cellulosic biomass or bagasse, provided an additional source of what are called cellulosic sugars. The DOE's National Renewable Energy Laboratory (NREL), at its Colorado pilot-scale biochemical conversion facility, converted the biomass from Ceres' hybrids into cellulosic sugars, which Amyris subsequently fermented into renewable farnesene. The joint evaluation project was funded in part by a U.S. Department of Energy Integrated Biorefinery grant awarded to Amyris. The grant included a sub-contract award to Ceres. “We believe that sweet sorghum could be an important and complementary source of fermentable sugars as the U.S. expands the production of renewable biofuels and biochemicals through the use of non-food crops outside of prime cropland,” said Spencer Swayze, Ceres director of business development. He noted that the free sugars in sweet sorghum are readily accessible, and with new technology as demonstrated by NREL, larger quantities of low-cost sugars could be made available. “As an energy crop, sweet sorghum is an impressive producer of low-cost, fermentable sugars. A second stream of sugars from the biomass would be highly compelling,” Swayze said. “The results from these evaluations confirmed that the Amyris No Compromise renewable diesel production process performs well across different sugar sources. Ceres' sweet sorghum hybrids produced sugars that yielded comparable levels of farnesene as sugarcane and other sugar sources Amyris has utilized,” said Todd Pray, Amyris director of product management. “Sweet sorghum can provide timely feedstock flexibility with environmental benefits. We look forward to utilizing Ceres' sweet sorghum in our commercial-scale production facilities,” Pray concluded. As a dedicated energy crop, sweet sorghum has a number of advantages. It is fast-growing and can efficiently produce both large amounts of fermentable sugars and biomass. The plants require substantially less fertilizer than sugarcane, and can be grown in drier areas since they utilize water more efficiently. Ceres first commercialized its improved hybrids in Brazil this season. This spring, Ceres also introduced its first two hybrids to supply larger-scale evaluations in the United States. Ceres anticipates Florida and the Gulf Coast as well as California's Imperial Valley, Arizona and Hawaii could be markets for sweet sorghum production. ABOUT CERES Ceres, Inc. is an agricultural biotechnology company that markets seeds for energy crops used in the production of renewable transportation fuels, electricity and bio-based products. Ceres combines advanced plant breeding and biotechnology to develop products that can address the limitations of first-generation bioenergy feedstocks, increase biomass productivity, reduce crop inputs and improve cultivation on marginal land. Its development activities include sweet sorghum, high-biomass sorghum, switchgrass and miscanthus. Ceres markets its products under its Blade brand. CERES FORWARD-LOOKING STATEMENTSThis press release may contain forward-looking statements. All statements, other than statements of historical facts, including statements regarding our efforts to develop and commercialize our products, our short-term and long-term business strategies, market and industry expectations, future operating metrics, product yields and future results of operations and financial position, are forward-looking statements. You should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control. Factors that could materially affect actual results can be found in Ceres' filings with the U.S. Securities and Exchange Commission. Ceres undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Ceres' views as of any date subsequent to the date of this press release.Amyris, No Compromise and Biofene are trademarks or registered trademarks of Amyris, Inc. Ceres, Inc.Gary Koppenjan,