SAN CARLOS, Calif., July 30 /PRNewswire/ -- LS9, Inc., the Renewable Petroleum Company(TM), has named Robert Walsh its new President, effective immediately. Walsh will lead the rapid commercialization of LS9 DesignerBiofuels(TM) products, including a pilot facility leading to commercial production. Walsh, a renowned transportation fuels executive, brings more than 28 years of global petroleum industry experience including 26 years at Royal Dutch Shell. From 2001 to 2005, he was General Manager Supply for Shell Europe Oil Products where he was responsible for $30 billion in annual revenue. Walsh replaces Doug Cameron of Khosla Ventures who has been acting CEO of the company during the past year. Dr. Cameron will remain actively involved with LS9 as a Board member as well as a member of its Scientific Advisory Board. "We have been extremely pleased with the rapid technical progress LS9 has made in demonstrating the feasibility of producing hydrocarbon fuels through biotechnology," said Noubar Afeyan, Co-founder and Chairman of LS9 and Managing Partner of Flagship Ventures. "With the addition of Bob to the team, we can now move quickly towards commercializing these proprietary products." LS9 DesignerBiofuels(TM) products are a family of fuels produced by microbes that have been specially engineered via recently developed methods of industrial synthetic biology. Starting from raw materials that are natural sources of sugar such as sugar cane and cellulosic biomass, these renewable fuels stand to fundamentally change the biofuels landscape and set the stage for widespread product adoption and petroleum displacement. LS9 hydrocarbon biofuels have higher energetic content than ethanol or butanol and have fuel properties that are essentially indistinguishable from those of gasoline, diesel, and jet fuel. One of the company's products is a Designer Biodiesel that overcomes the key challenges associated with existing vegetable oil-based biodiesel including quality consistency, scalability of feedstocks, product economics, and cold-flow properties. "After years of leadership roles in the traditional petroleum industry and responsibility over all aspects of the hydrocarbon supply chain, I can see clearly how LS9's products will fit into existing infrastructure and deliver significant value to partners and consumers compared with other biofuel alternatives," said Walsh. "LS9 has the opportunity to fundamentally change the transportation fuel equation, which makes me incredibly excited to join this talented team." About LS9 LS9, Inc., the Renewable Petroleum Company(TM), is a privately-held biotechnology company and the pioneer in the commercial development of hydrocarbon biofuels. LS9 is pursuing industrial applications of synthetic biology to produce proprietary hydrocarbon biofuels that are compatible with existing fuel distribution and consumer infrastructure. LS9's patent-pending DesignerBiofuels(TM) products are custom engineered in the lab to address immediate market needs for clean energy alternatives to petroleum. The company was founded in 2005 by leading scientists along with specialized venture capital firms Flagship Ventures and Khosla Ventures. LS9 is headquartered in San Carlos, California, in the heart of Silicon Valley. www.ls9.com.
SOURCE LS9, Inc.