AkzoNobel & Solazyme Expand Supply Agreement of Algal Oils for Surfactant Production

This news update discussing Algal Oils for Surfactant Production is brought to you by Special Chem.

 

 

SOUTH SAN FRANCISCO, Calif. — Solazyme, Inc., a renewable oil and bioproducts company, and AkzoNobel, a producer of specialty chemicals, have expanded their previously announced joint development agreement. The expansion provides for funded product development, as well as key terms for a multi-year supply agreement targeting annual supply of up to 10,000 MT of renewable Tailored™ algal oils pending successful product development.

 

The parties expect that Solazyme’s algal oil for the new proprietary surfactant contemplated under the joint development agreement would be able to replace both petroleum- and palm oil-derived chemicals. The target product is designed to have improved functional and environmental performance, as well as a lower overall cost to AkzoNobel.

 

“AkzoNobel has been a leader in sustainability for many years. This expanded partnership marks an important step forward in our relationship while underscoring the importance we place on developing sustainable, high performance products,” said Jonathan Wolfson, Chief Executive Officer, Solazyme. “The product development effort not only advances our technology platform into valuable new chemistries, but it also outlines the critical aspects of a long-term supply agreement.”

 

 

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