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Solazyme and Mitsui ink tailored oils development deal

10:49 AM MST | February 7, 2013 | Rebecca Coons

Algal oils firm Solazyme (San Francisco) and Mitsui & Co. today announced a $20-million, multi-year partnership aimed at developing triglyceride oils for use in the oleochemical industry.  The agreement also calls for the joint development of Solazyme's myristic algal oil, a valuable oleochemical industry raw material. Mitsui says the oils in question are extracted from palm and coconut and are mainly used in lubricant and plastic additives. "There are supply limitations caused by both regional oil production and constraints in the profiles of...

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