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Solazyme and Dow Enter into Contingent Global Commercial Offtake Agreement and Concurrently Sign Phase 2 Joint Development Agreement to Accelerate Commercialization of Bio-based Dielectric Insulating Fluids

In a recent press release, algae giant Solazyme has announced that the company has entered into  into a contingent offtake agreement with Dow Chemicals in which Dow has agreed to purchase from Solazyme all of its requirements of non-vegetable microbe-based oils for use in dielectric fluid applications through 2015. Press Release: South San Francisco, Calif. – May 2, [...]

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[ More ] May 9th, 2012 | No Comments | Posted in Algae, algae biodiesel USA, Algae-Energy, Algae-Energy-Companies |

Cosmetics from Algae

Non-fuel applications of algae are gaining considerable attraction now-a-days, as most of them are high market value products. One such area is cosmetics. Lipid containing algae are an excellent choice for the production of cosmetics, since they can be used to produce oils and biomass economically for use in the cosmetic industry. In a recent [...]

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[ More ] January 5th, 2012 | No Comments | Posted in Algae, Algae-Oil-Companies, Biomass |

Algae Fuel Business in the Boom

Now, Solazyme has become the world’s first billion-dollar algae fuel maker with a whooping 15% increase in its issue price on its stock market debut. The company is also under development agreement with Quantas to pursue a potential algae-based jet fuel. It is noteworthy to mention that though the algae based fuel developing technologies are [...]

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[ More ] May 30th, 2011 | No Comments | Posted in Algae-Energy-Companies |

Solazyme Fixes Price for Shares

Solazyme, Inc. announced the estimated share price for its IPO in the Nasdaq Global Market, raising its offering to $183.5 million, almost double the figure filed in March. The company tries to sell about 10 million shares @ $15 to $17 a share. If Solazyme succeeds in this, it would give the company a market [...]

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[ More ] May 18th, 2011 | No Comments | Posted in Algae-Energy-Companies |

Solazyme Signs Major Deal with Dow Chemicals

Algae-based oils company Solazyme has signed a letter of intent with Dow Chemical to provide variants of its algal oils for use in high-temperature transformer equipment. The two companies signed a letter of intent and a joint development agreement to develop the startup’s algal oils for use in dielectric insulating fluids. For more see http://www.businessgreen.com/bg/news/2032916/algae-biofuel-pioneer-solazyme-inks-major-dow-deal [...]

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[ More ] March 15th, 2011 | No Comments | Posted in Algae-Energy-Companies |

Solazyme Hires Underwriters for IPO

Solazyme has hired four banks to underwrite its upcoming $100 million Initial Public Offering (IPO). The company launched in in 2003  has raised over $128 million in VC funding Morgan Stanley, Pacific Crest Securities, Goldman Sachs and Lazard Capital Markets will be underwriting the upcoming $100 million IPO of Solazyme, the developer of algae-based biofuels. [...]

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[ More ] March 15th, 2011 | No Comments | Posted in Algae-Energy-Companies |

Solazyme has got another Funding Partner

Solazyme – the south Francisco based company which follows an altogether different approach (dark fermentation- Earlier post) to make algae products have announced that  Unilever has joined its Series D Round of funding along with other strategic investors plus venture firms VantagePoint Venture Partners, Braemer Energy Ventures and Lightspeed Venture Partners. What will Unilever and [...]

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[ More ] September 9th, 2010 | No Comments | Posted in Algae-Energy-Companies, Uncategorized |

The story behind 1500 gallons of Solazyme’s jet fuel to the U.S. Navy

Solazyme, the San Francisco- based company claimed that they provided about 1500 gallons of algae-based jet fuel , infact 100 percent algae-based fuel to the U.S. Navy. So, I was actually wondering what is so special about it that the” U.S. Navy” is after it. Solazyme as you might be aware grows algae in the [...]

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[ More ] August 11th, 2010 | No Comments | Posted in Algae-Aviation-Fuel |

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