Solazyme and Bunge expand their joint venture (JV) to include a focus on food, which includes a range of breakthrough oils for food and products for animal nutrition.
The expanded joint venture will build on Solazyme’s microalgae innovation platform, and on Bunge’s global leadership in food and ingredients, including vegetable oils.
As part of the agreement, the partners will also expand their co-funded research programs to include new unique products in nutrition and specialty fats. Manufacturing will take place in the JV’s facility in São Paulo, Brazil.
AlgaWise Ultra Omega-9 Algae Oil, AlgaWise High Stability Algae Oil and AlgaWise Algae Butter structuring fats will be marketed by Bunge’s global food oil sales and applications team.
The company will also handle oil processing and supply chain aspects of commercialization.
This announcement follows a history of collaboration between the two companies, beginning with Bunge’s 2010 equity investment in Solazyme, followed by the original JV agreement in April 2012 that established the production facility at Moema as well as multiple jointly funded development programs over that period of time.