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17 Nov '12, 2pm

Solazyme's Hybrid Vigor: Filed under: Energy News

Solazyme's Hybrid Vigor: Filed under: Energy News

Solazyme lands monster capacity expansion agreements with Archer Daniels Midland (ADM ) and Bunge (BG )– what’s the sector’s hottest company up to now? Wednesday, Solazyme (SZYM ) announced two landmark capacity expansion agreements with Bunge and ADM, respectively. The Bunge agreement will expand joint venture-owned oil production capacity at Solazyme Bunge Renewable Oils from the current 100,000 metric tons under construction in Brazil to 300,000 metric tons by 2016 at select Bunge owned and operated processing facilities worldwide. Under the terms of the ADM agreement, Solazyme will initially target the production of 20,000 metric tons of oil in 2014, with an aim to increase production to 100,000 metric tons in subsequent years. “After building a strong commercial relationship together, we believe there is a broader scope of opportunities ahead of us,” said Ben Pearcy, ...

Full article: http://www.altenergystocks.com/archives/2012/11/solazymes...

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