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Solazyme and ADM to produce tailored oils at former Telles fermentation plant
11:12 AM MST | November 15, 2012 | Rebecca Coons
Archer Daniels Midland (ADM) has agreed to manufacture up to 100,000 m.t. of Solazyme's (San Francisco) tailored algal oils annually at the Clinton, IA fermentation facility ADM built to manufacture polyhydroxyalkanoate (PHA) for its now-defunct joint venture with Metabolix (Cambridge). Under the terms of the deal, Solazyme will target 20,000 m.t. of oil production in 2014 for sale into the North American industrial and nutritional markets, with an aim to increase production to 100,000 m.t. in subsequent deals. “This agreement with ADM will further...
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