Solazyme teams up with ADM to produce renewable algal oils
Solazyme and Archer-Daniels-Midland Company have joined forces to produce the former’s tailored algal oils in ADM's advanced fermentation plant at Clinton, Iowa.
Under the terms of the agreement, Solazyme will initially target the production of 20,000 metric tons of oil in 2014, with an aim to increase production to 100,000 metric tons in subsequent years.
"This agreement with ADM will further establish our commercial footprint in the U.S. for renewable oil production capacity at ADM's Clinton, Iowa facility,” said Jonathan Wolfson, CEO Solazyme.
“Further, the location's substantial renewable oil production capacity is in close proximity to our North American target customers."
