26 Jun '13, 1am

Solazyme Breaks Up With Roquette: Filed under: Energy News

Solazyme and Roquette dissolve their nutritionals JV; Solazyme to accelerate under its own flag; stock plunges. What’s up? Who said “sorry?” on the way out the door? It was a terse announcement that crossed the wire early yesterday morning from Fortress Solazyme, without warning except perhaps to equity analysts that hopped on a hastily-arranged call. Solazyme (SZYM ) and Roquette Frères were announcing the dissolution of their two-year old joint venture, Solazyme Roquette Nutritionals. The cause, “divergent views on an acceptable commercial strategy and timeline for the manufacturing and marketing of joint venture products” and in the announcement, Solazyme tipped that it “intends to accelerate commercialization of its suite of innovative microalgal food ingredients.” Now, announcements by the #1 hottest company in the sector, as voted by Digest readers, that it intends t...

Full article: http://www.altenergystocks.com/archives/2013/06/solazyme_...

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