In California, Solazyme announced the expansion of its relationship with Unilever, one of the world’s leading consumer goods companies.
The Commercial Development Agreement, which is funded by Unilever, expands the companies’ current research and development efforts and is the fourth agreement the parties have entered into. Upon successful completion of the development agreement and related activities, the two companies have agreed the terms of a multi-year supply agreement in which Unilever would purchase commercial quantities of Solazyme’s renewable oils.
Initially, the two parties will continue focusing innovation efforts on the production of tailored oils for use in soap and personal care product applications, while committing additional efforts to developing new tailored oils for use in other applications.
More background on the story from the Digest
Category: Chems & Materials