AkzoNobel, Solazyme JV advanced tailored oils development

AkzoNobel, Solazyme JV for advanced tailored oils development

4:28 AM, 10th May 2013
AkzoNobel, Solazyme JV for advanced tailored oils development

SOUTH SAN FRANCISCO, US: Solazyme Inc and AkzoNobel have entered into an agreement targeting the development of advanced tailored oils and commercial sales for near-term product supply. Tailored oils can enhance or replace petroleum-derived chemicals, and improve upon the performance of plant oils and animal fats. The Solazyme and AkzoNobel agreement is rooted in a shared commitment to sustainability and high-performance products derived from triglyceride oils.

Commercial supply of multi-thousand tonne quantities of highly sustainable algal oil is expected to originate from the Solazyme Bunge Renewable Oils Joint Venture oil manufacturing plant in Brazil. Sales of product are anticipated to commence in 2014, with pricing to be competitive and based upon Solazyme’s cost of manufacturing.

“AkzoNobel’s leadership in specialty chemicals and sustainability makes them a natural partner for us to work with. Akzo’s significant product sales and growth strategy in the Americas also overlaps well with our manufacturing footprint,” said Jean-Marc Rotsaert, Chief Operating Officer, Solazyme.

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