Markets :: Specialty Chemicals :: Paints and Coatings
AkzoNobel and Solazyme ink algae-based oils development deal
3:14 PM MDT | May 8, 2013 | Rebecca Coons
Solazyme (San Francisco) and AkzoNobel announced today that they have entered into an agreement to develop ingredients for AkzoNobel's surfactants and coatings products using Solazyme's algae-based triglycerides. The partnership includes a commercial off-take agreement for multi-thousand ton quantities of sustainable algal oil. The triglycerides will originate from a manufacturing facility currently under construction in Brazil by Solazyme and joint venture partner Bunge. Sales of product are anticipated to commence in 2014, with pricing to be competitive and...
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