Solazyme undergoes Focus Reassignment Surgery and re-emerges as TerraVia. Industrials to spin off, nutrition the focus now. The what, the why, and the “why now?” In California, Solazyme said that it is now focusing exclusively on food, nutrition and specialty ingredients, renaming the company TerraVia. Having elevated CEO and co-founder Jonathan Wolfson to the Executive […]
In California, Solazyme reports: “As part of Solazyme, Inc.’s continuing strategy to focus its operations on targeted, higher-value product categories, on January 29, 2016, Solazyme undertook another step in streamlining operations. This step included a reduction in headcount that is expected to reduce the number of employees by more than 20% when completed, and is concentrated […]
After the bizarre attempted heist detailed in The Great Algae Robbery, Roquette tries the US courts but comes up short, in its quest to get a hold of Solazyme’s algae tech. On a slow news day just before Christmas, those of us on the industrial biotechnology beat have no need to stop by the firehouse to […]
In California, Solazyme reported Q3 revenue of $11.4M compared with $17.6M for Q3 2014.The year over year decline in revenues was due to expected decreases in funded program revenue and slower than anticipated adoption rates for Encapso lubricant, the company said. On a sequential quarter basis, revenues were roughly unchanged due to improved Algenist performance, […]
In California, TheTruthAboutCars reported that Amyris and Solazyme risk being painted with the same tainted brush as Volkswagen due to the fact that both companies collaborated with the company to test emissions of their fuels. It has been alleged that the companies should have known roughly what their emissions would have been and therefore knew that […]
In Washington, the “The Emerging Bioeconomy – a Case Study” will be held at a luncheon at the National Wildlife Federation’s National Advocacy Center on K Street in Washington, DC. There will be a Roundtable on Sustainable Biomaterials from chairperson Barbara Bramble, and “Case Study: Considering the benefits and impacts of microalgae” focusing on the […]
In California, Solazyme reported Q2 revenues of $11.7M compared with $15.9M in Q22014. GAAP net loss was $37.2 million for Q2 2015, compared to net loss of $42.9M in the prior year period. The company said that “year over year decline in revenues was due to expected decreases in funded program revenue as well as […]
The Digest Bioeconomy Index, an index of publicly traded advanced bioeconomy stocks, dropped 1.68 percent to 58.98 as advanced bio fell primarily led by Solazyme’s tumble. For the day, Solazyme (SZYM) dumped 20.41 percent after a miss on Q2 earnings erased earlier-week gains, while Aemetis (AMTX) gave back 6.11 percent to $3.56. Among other equities, […]
In California, BASF and Solazyme have launched of the first commercial surfactant derived from microalgae oil, a high performance algal betaine for use in home and personal care applications. Generally speaking, surfactants, which are the “lifting agents,” if you will, that power the work of detergents and shampoos, are made from C12 to C14 medium […]
In Brazil, Solazyme Bunge Renewable Oils has successfully completed two key power and steam redundancy improvement projects including the construction and activation of an electrical grid tie-in, and the tie-in and activation of a second steam boiler. These projects were completed within the previously provided timeline and are now operational. Jeffrey Osborne of Cowen & […]
