Unilever, Solazyme continue with renewable oils R&D efforts

Unilever, Solazyme continue with renewable oils R&D efforts

11:55 PM, 17th October 2011
Unilever, Solazyme continue with renewable oils R&D efforts
Jonathan Wolfson, CEO, Solazyme.

 

SOUTH SAN FRANCISCO, US: Solazyme Inc has continued and expaned its relationship with Unilever. The commercial development agreement, which is funded by Unilever, expands the companies’ current research and development efforts. Upon successful completion of the development agreement and related activities, the two companies have agreed the terms of a multi-year supply agreement in which Unilever would purchase commercial quantities of Solazyme’s renewable oils.

“Our technology platform presents a unique opportunity for Unilever to develop innovative, new products with enhanced consumer benefits while advancing their sustainable living plan,” said Jonathan Wolfson, CEO, Solazyme.

“Unilever has an ambition to double its business and halve its environmental impact. To realize this ambition, we are committed to sourcing 100 per cent of our agricultural raw materials sustainably by 2020,” said Neal Matheson, Chief Technology Officer, Unilever.

Initially, the two parties will continue focusing innovation efforts on the production of tailored oils for use in soap and personal care product applications, while committing additional efforts to developing new tailored oils for use in other applications. Since 2009, the two companies have been collaborating for R&D of tailored oils utilizing Solazyme’s technology platform and Unilever’s knowledge in the consumer goods space.

(C) WOC News

 

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