SAO PAULO, Brazil and SOUTH SAN FRANCISCO, Calif., July 4, 2011 (GLOBE NEWSWIRE) -- LS9 Inc., a technology leader in the development of sustainable products, today announced the opening of LS9 Brasil Biotecnologia (LS9 BB) in Sao Paulo, Brazil. LS9 BB will be led by Lucila de Avila as Managing Director for all LS9 business activities in Brazil and South America and Michael Rinelli, Director, responsible for Business Development and Government Relations.
"The opening of this office is another milestone for LS9's overall progress in Brazil," said Ed Dineen, President and Chief Executive Officer of LS9. "Not only is Brazil an attractive market for our biofuel and biochemical portfolio, it is also strategically important to us as a source of feedstock, and for strategic partnerships with Brazilian companies. Brazil's leadership in setting high standards for fuels, engines, emissions and higher biofuels blend limits will further drive market needs for our fuel products."
Mrs. de Avila started her career with Dow Chemical in Brazil and joins LS9 BB from LyondellBasell where she was most recently Director of South America. "I am very excited to join LS9 and look forward to expanding the business and the company in Brazil," said Mrs. de Avila. Mr. Rinelli has been with LS9 for a number of years and has been very active in the Company's efforts to promote and establish its technology platform in Brazil.
About LS9, Inc.
LS9, Inc. is a technology leader in the commercial development of a growing portfolio of sustainable products to meet the needs of fuel and chemical markets worldwide. Its unique technology platform enables low costs, feedstock flexibility and process simplicity across a diversity of fermentation-derived products ranging from vehicle-ready fuels to chemicals for lubricants, detergents and personal care products. In June 2010, LS9 was awarded the U.S. Environmental Protection Agency's highest environmental honor for its revolutionary technology. The company was founded in 2005 and is supported by funding from Flagship Ventures, Khosla Ventures, Lightspeed Venture Partners, Chevron Technology Ventures, and BlackRock. LS9 is headquartered in South San Francisco, California, and further information can be found at www.ls9.com.