Headquartered in South San Francisco, TerraVia’s nutritional and industrial products can replace or enhance oils derived from the world’s three existing sources – petroleum, plants and animal fats. In their Q2 investor update, they shared this deck.
The goal: Transforming Solazyme into a food, nutrition, and specialty ingredient innovation platform harnessing the power of algae: The mother of all plants and earth’s original superfood. The new company identity? TerraVia. Let’s take a look at how the new TerraVia or the transitioning Solazyme presents itself.
Solazyme undergoes Focus Reassignment Surgery and re-emerges as TerraVia. Industrials to spin off, nutrition the focus now. The what, the why, and the “why now?” In California, Solazyme said that it is now focusing exclusively on food, nutrition and specialty ingredients, renaming the company TerraVia. Having elevated CEO and co-founder Jonathan Wolfson to the Executive […]
In California, Solazyme reports: “As part of Solazyme, Inc.’s continuing strategy to focus its operations on targeted, higher-value product categories, on January 29, 2016, Solazyme undertook another step in streamlining operations. This step included a reduction in headcount that is expected to reduce the number of employees by more than 20% when completed, and is concentrated […]
After the bizarre attempted heist detailed in The Great Algae Robbery, Roquette tries the US courts but comes up short, in its quest to get a hold of Solazyme’s algae tech. On a slow news day just before Christmas, those of us on the industrial biotechnology beat have no need to stop by the firehouse to […]
Solazyme misses on Q3 revenues, expands JV with Bunge, adds new project with Unilever, drops Clinton, Galva production
In California, Solazyme reported Q3 revenue of $11.4M compared with $17.6M for Q3 2014.The year over year decline in revenues was due to expected decreases in funded program revenue and slower than anticipated adoption rates for Encapso lubricant, the company said. On a sequential quarter basis, revenues were roughly unchanged due to improved Algenist performance, […]
Amyris and Solazyme at risk of taint from Volkswagen NOx scandal, says website; Solazyme says “Heck no!”
In California, TheTruthAboutCars reported that Amyris and Solazyme risk being painted with the same tainted brush as Volkswagen due to the fact that both companies collaborated with the company to test emissions of their fuels. It has been alleged that the companies should have known roughly what their emissions would have been and therefore knew that […]
Solazyme is a renewable oil and bioproducts company that transforms a range of low-cost plant-based sugars into high-value oils. Headquartered in South San Francisco, Solazyme’s renewable products can replace or enhance oils derived from the world’s three existing sources – petroleum, plants and animal fats. Initially, Solazyme is focused on commercializing its products into three […]
In Washington, the “The Emerging Bioeconomy – a Case Study” will be held at a luncheon at the National Wildlife Federation’s National Advocacy Center on K Street in Washington, DC. There will be a Roundtable on Sustainable Biomaterials from chairperson Barbara Bramble, and “Case Study: Considering the benefits and impacts of microalgae” focusing on the […]
In California, Solazyme reported Q2 revenues of $11.7M compared with $15.9M in Q22014. GAAP net loss was $37.2 million for Q2 2015, compared to net loss of $42.9M in the prior year period. The company said that “year over year decline in revenues was due to expected decreases in funded program revenue as well as […]