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Solazyme Puts Algae To Work In Fuel Oil, Nutritional Ingredients, Cosmetics Markets

March 18, 2010: 04:41 AM EST
About 200 companies are trying to profit from the fact that algae can produce oil from sunlight and carbon dioxide, but one firm seems to be far ahead of the pack. Well-financed privately-held Solazyme is also well-diversified – thanks to genetic engineering and a tank-based production technology – delivering a wide array of algae-derived products in large volumes for three market segments: fuel oils, nutritional ingredients and cosmetics/nutraceuticals. The U.S. Navy is a major fuel customer. Food supplement makers are buying its protein-rich microalgae powder. Unilever has agreed to incorporate its algal oil in personal care products. Biofuels experts see a bright future for the company because, in an era of increasing environmental and foreign oil supply concerns, Solazyme’s fuels are U.S.-sourced and boast a carbon footprint better than diesel or gasoline.
Marc Gunther, "Fuel, Vitamins, Soap Help Solazyme Algae Stand out from Pond Scum", GreenBiz.com, March 18, 2010, © Greener World Media - GreenBiz.com®
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