Solazyme will rename to TerraVia to reflect its focus on food, nutrition and specialty ingredients based on its algae innovation platform.
“By unlocking the power of algae, the mother of all plants and earth’s original superfood, we are bringing much-needed innovation in food and nutrition,” said co-founder and CEO Jonathan Wolfson.
“Over more than 13 years we have invested in developing a unique understanding and expertise around algae.”
“Today the pieces are in place for the Company to fulfill its mission and create substantial value for customers and shareholders.”