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SG Biofuels Launches Operations in Brazil; Appoints Fernando Reinach as Senior Advisor
Date:1/26/2011

SAN DIEGO, Jan. 26, 2011 /PRNewswire/ -- SG Biofuels, a bioenergy crop company using breeding and biotechnology to develop elite seeds of Jatropha, today formally launched business operations in Brazil and introduced Brazilian entrepreneur and genomics innovator Fernando Reinach as its senior advisor for the market.

Reinach will provide strategic planning, business development and executive management support for SG Biofuels Brasil, LTD, a subsidiary of SG Biofuels based in Sao Paulo.

"We are privileged to add Fernando and his unique combination of entrepreneurial success and industry-leading expertise in breeding and genomics to our effort in Brazil," said Kirk Haney, president and chief executive officer.  "His guidance will be invaluable as we expand our R&D platform and agricultural development efforts in one of the most promising growth markets for Jatropha."

Until recently, Reinach was a general partner of Votorantim Ventures, a venture capital fund of the Votorantim Group, one of Brazil's largest private conglomerates with revenues of US$8 billion. He also serves as a board member of Amyris.  He is one of the founders of CanaVialis, the world's largest breeder of sugarcane (acquired by Monsanto in 2008), as well as Alellyx (also acquired by Monsanto in 2008), now the world's largest sugarcane biotechnology company.  In 1990, he co-founded Genomic Engenharia Molecular, one of the first Brazilian companies to perform DNA and paternity tests and one of the country's largest DNA testing companies.

"SG Biofuels' breeding and biotechnology platform is the right approach to develop Jatropha as a viable feedstock for biofuels in Brazil," said Reinach.  "By improving yields through genomics and regional adaptation, I believe there is a large opportunity to complement Brazil's global leadership in sugarcane and ethanol wit
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SOURCE SG Biofuels
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