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Solazyme and Mitsui Form JV

Will develop a line of triglyceride oils.

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By: TOM BRANNA

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Solazyme, Inc. and Mitsui & Co., Ltd. have entered into a $20 million multi-year agreement to jointly develop a suite of triglyceride oils for use in the household and personal care industry, as well as other industries. The agreement includes further development of Solazyme’s high myristic algal oil, as well as additional oils that Solazyme is developing for the oleochemical and industrial sectors. Product development is expected to span a multi-year period, with periodic product introduct...

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