Solazyme and Mitsui ink a $20M, multi-year pact to develop tailored algal oils

In California, Solazyme and Mitsui announced that they have entered into a $20 million multi-year agreement to jointly develop a suite of triglyceride oils for use primarily in the oleochemical industry. The agreement includes further development of Solazyme’s breakthrough high myristic algal oil, a valuable raw material in the oleochemical industry, as well as additional oils that Solazyme is developing for the oleochemical and industrial sectors.

“Mitsui looks forward to strengthening its position in the oleochemicals industry through the successful development and commercialization of these novel products as a potential source of new sustainable materials to oleochemical companies including Mitsui’s subsidiary, Palm-Oleo Sdn.Bhd.”

…Full text: www.biofuelsdigest.com/biobased/2013/02/07/solazyme-and-mitsui-ink-a-20m-multi-year-agreement-to-develop-tailored-algal-oils/

Tags: high-performance polymer additives, aviation lubricants, household products, coconut oil, palm kernel oil, acrylamide (AAM), ethanol-based plastics

Source

BiofuelsDigest, 2013-02-07.

Supplier

BioAmber Inc.
Dow Chemical Company
Kemira OYJ
Mitsui & Co., Ltd.
TerraVia

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