SOUTH SAN FRANCISCO, CA - Solazyme Inc., a renewable oil and bioproducts company headquartered in South San Francisco, CA, and AkzoNobel have entered into an agreement targeting the development of advanced tailored oils and their commercial sales for near-term product supply.
Tailored oils can enhance or replace petroleum-derived chemicals and improve the performance of plant oils and animal fats. The agreement is based on the companies’ shared commitment to sustainability and high-performance products derived from triglyceride oils.
Commercial supply of multi-thousand ton quantities of algal oil is expected to originate from the Solazyme Bunge Renewable Oils Joint Venture oil manufacturing plant in Brazil. Sales of the product are anticipated to start in 2014.
"We think the tailored triglycerides developed by Solazyme can offer valuable new technology for our Surface Chemistry and Decorative Paints businesses, and we are excited about our partnership with such an innovative, promising new business," said Graeme Armstrong, Corporate Director for Research, Development and Innovation, AkzoNobel.
Product development efforts are anticipated to begin in the second half of 2013 and are focused on a number of AkzoNobel's end-market applications, specifically surfactants and coatings.