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Unilever Looks to Algae for Oils

8:46 AM MDT | November 7, 2011

Algae oils firm Solazyme (San Francisco) has expanded its commercial development deal with consumer goods giant Unilever. The firms have been partners since 2009 when they began collaborating on using Solazyme’s technology to produce tailored oils for some of Unilever’s soap, personal care, and nutritional products. The two-year extension includes unspecified funding by Unilever and a multi-year agreement for commercial quantities of Solazyme’s oils. Solazyme did not specify the oils covered by the agreement, but the firm has said its algae can...

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