twittertopbarlinks_eventstopbarlinks_requesttopbarlinks_archives
NCMA Algae Tips
Click here for more information about Liqofluxphenometrics515R1
Visit cricatalyst.com!Commercial Algae Professionals

Money

TerraVia (Solazyme) and Unilever sign $200 Million deal

March 15, 2016
AlgaeIndustryMagazine.com

terravia-logoIn a week of major announcements by the transitioning Solazyme, news that their newly christened TerraVia embodiment has announced a five-year global supply agreement with Unilever. The agreement provides for Unilever to purchase renewable algae oils for use in personal care products, and reflects the culmination of more than seven years of collaboration between Solazyme and Unilever.

Unilever began incorporating Solazyme’s renewable algae oils into its products in 2014. These oils are being produced and delivered to Unilever routinely from the Solazyme Bunge Renewable Oils facility in Brazil.

The new multi-oil supply agreement includes a broad portfolio of oils for use in personal care products. Oils purchased under this new supply agreement are expected to represent total revenue of more than $200 million over the term of the agreement.

Jonathan Wolfson, TerraVia’s CEO, commented, “Our mission is to deliver products from algae that are better for people and better for our planet. We are proud to partner with Unilever, a global leader in health and wellbeing, whose products touch over two billion people on any given day.”

unileverAlan Jope, Personal Care President of Unilever said, “The decision to use algae oils is fully aligned with the Unilever Sustainable Living Plan and with our goal to grow the business while reducing our overall environmental footprint.

“We have been working with Solazyme for many years to develop novel ingredients from algae,” he said, “which improve the performance and sustainability profile of our personal care products. Solazyme has already been delivering consistent, sustainable and high performing algae oils, and we look forward to this next and greatly expanded commercial phase of the relationship.”

More Like This…

HOME A.I.M. Archives

Copyright ©2010-2016 AlgaeIndustryMagazine.com. All rights reserved. Permission required to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

From The A.I.M. Archives

— Refresh Page for More Choices
Sebastian Rich reports on PBS Newshour about the Central African Republic city of Bangui, which has been caught in the crossfire between warring Muslim and Christian grou...
The vision of developing a community college degree program to train a high technology algae workforce was launched at New Mexico's Santa Fe Community College (SFCC) in 2...
The fully automated plant at the Fraunhofer Center for Chemical-Biotechnological Processes CBP in Leuna, Germany, was designed to produce microalgae at industrial scale. ...
You know algae are a great food source for you. But what are the best ways to eat it? Jami Foss writes in shape.com about 10 ways to eat algae that are common, healthy an...
DENSO Corporation, Toyota Motor Corp.’s largest supplier, has announced that it will build a large test facility to culture Pseudochoricystis ellipsoidea – an oil-produci...
Ewen Callaway writes in the jounal Nature that restrictions on harvests and exports of Gelidium seaweed in Morocco have affected the global supply of the lab reagent agar...
Flint Michigan’s water supply was switched from Lake Huron to the Flint River in 2014. The Flint is so notoriously dirty that some locals call it the Filth River. The cha...
S V Krishna Chaitanya writes for the New Indian Express that a scientist from Chennai, the capital city of the Indian state of Tamil Nadu, in South India, is playing a ke...
The last post positioned algae solutions for bioremediation of poisoned water and soil that can reduce the risk of arsenic exposure and the onset of autism spectrum disor...
A multiple-effect evaporator (MEE) is a system designed for efficiently using the heat from steam to evaporate water. This equipment is recommended by pollution control a...
Algae may hold the key to feeding the world’s burgeoning population. If algae’s efficiency at taking in carbon dioxide from the air could be transferred to crops, we coul...
Cheryl Katz writes in National Geographic that Iceland’s last living lake balls are disappearing. The fluffy green supersize diatoms as large as a head of cabbage are one...