Market Overview

Solazyme Announces Successful Commissioning of Integrated Renewable Oil Production Biorefinery in Peoria, Illinois

Solazyme, Inc. (NASDAQ: SZYM) announced today the successful commissioning of its first fully integrated biorefinery (IBR) in Peoria, Illinois, to produce algal oil. Solazyme has been running routine fermentations at commercial scale since 2007 and began running fermentation operations at the Peoria facility in Q4 2011. With the successful production of algal oil from the integrated facility this month, Solazyme has met its start-up goals for the facility on schedule. The IBR was partially funded with a federal grant that Solazyme received from the U.S. Department of Energy (DOE) in December 2009 to demonstrate integrated commercial-scale production of renewable algal-based fuels. The demonstration/ commercial-scale plant will have a nameplate capacity of two million liters of oil annually and will provide an important platform for continued work on feedstock flexibility and scaling of new tailored oils into the marketplace.

Posted-In: News Commodities Contracts Markets

 

Most Popular

Related Articles (SZYM)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters