08 May 2013 23:18 [Source: ICIS news]
HOUSTON (ICIS)--US bioproducts company Solazyme and Dutch specialty chemicals producer and paint maker AkzoNobel announced on Wednesday that they are developing advanced tailored oils for end-market applications such as surfactants and coatings.
The companies have entered into an agreement to begin joint product development of tailored algal oils in the second half of 2013 and to commercially sell near-term product supply in 2014.
“Akzo’s significant product sales and growth strategy in the Americas also overlaps well with our manufacturing footprint,” said Jean-Marc Rotsaert, chief operating officer at Solazyme.
Tailored oils can enhance or replace petroleum-derived chemicals and can improve upon the performance of plant oils and animal fats, the companies said.
Commercial supply of algal oil will come from Solazyme’s joint venture with US agribusiness Bunge, a 100,000 tonne/year renewable oils plant in Brazil that is expected to start up in the fourth quarter of 2014. Solazyme and Bunge plan to expand capacity to 300,000 tonnes/year by 2016.
“We think the tailored triglycerides developed by Solazyme can offer valuable new technology for our surface chemistry and decorative paints businesses, and we are excited about our partnership with such an innovative, promising new business,” said Graeme Armstrong, corporate director for research, development and innovation at AkzoNobel.
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