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Bunge, Solazyme Form Oils JV

6:56 AM MDT | April 20, 2012

Solazyme (San Francisco) and Bunge have signed a definitive agreement to form a tailored oils joint venture at Bunge’s Moema, Brazil facility. The site will have an annual production capacity of 100,000 m.t. and use Solazyme’s oil production technology to convert sugarcane to triglyceride oils for oleochemical and fuel applications. Capital cost was not disclosed, but the companies say it will be equally financed by Solazyme and Bunge. Start-up is expected in the second half of...

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