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Solazyme,
Inc.
SZYM, a renewable oil and bioproducts company, and Unilever
UL,
one of the world's leading consumer goods companies, announced today
that they have executed a commercial supply agreement for the first
partnered Solazyme Tailored™ Algal Oil. The companies have been
collaborating for five years on multiple projects with increasing levels
of success culminating in this initial supply agreement. The agreement
covers the first of Solazyme and Unilever's jointly developed tailored
oils with an initial supply of at least 10,000 metric tons (MT). The oil
will be produced at the Solazyme Bunge Renewable Oils facility, a joint
venture of Solazyme and Bunge located at Bunge's Moema sugar mill in
Brazil. Supply delivery is planned to begin in early 2014
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