Skip to comments.Solazyme and Unilever Sign Commercial Development Agreement for Renewable Oils
Posted on 10/17/2011 7:36:33 AM PDT by StolarStorm
SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- Solazyme, Inc. (NASDAQ:SZYM - News), a renewable oil and bioproducts company, announced the continuation and expansion of its relationship with Unilever, one of the worlds leading consumer goods companies. The Commercial Development Agreement, which is funded by Unilever, expands the companies current research and development efforts and is the fourth agreement the parties have entered into. Upon successful completion of the development agreement and related activities, the two companies have agreed the terms of a multi-year supply agreement in which Unilever would purchase commercial quantities of Solazymes renewable oils.
(Excerpt) Read more at finance.yahoo.com ...
I’m sure it’s pronounced sola-zyme, but all I can see when I read the name of this company is so-lazy-me...
LOL. I agree it’s a terrible name.
Better than engine destroying ethanol...
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