September 25, 2013

Solazyme, Unilever Signs Algal Oil Supply

Unilever has long been Solazyme's development partner -- five years to be exact -- but I guess the company is now convinced that Solazyme can deliver the goods (tailored algal oil in this case) as it prepares for commercial production to start later this year at the 100 ktpa Solazyme Bunge Renewable Oils facility located in Moema, Brazil.

The companies announced a supply agreement today where Solazyme will initially supply Unilever with at least 10,000 tons of their jointly developed tailored algal oils starting in early 2014. Unilever expects to purchase the full volume within 12-18 months. Product validation trials are scheduled to take place in Q4 2013.

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