Solazyme and AkzoNobel Expand Partnership in Surface Chemistry
Advertisement
Solazyme, Inc. and AkzoNobel have expanded their previously announced joint development agreement. The expansion provides for funded product development, as well as key terms for a multi-year supply agreement targeting annual supply of up to 10,000 MT of renewable Tailored™ algal oils pending successful product development.
The parties expect that Solazyme’s algal oil for the new proprietary surfactant contemplated under the joint development agreement would be able to replace both petroleum- and palm oil-derived chemicals. The target product is designed to have improved functional and environmental performance, as well as a lower overall cost to AkzoNobel.
Product development is expected to commence immediately, and the parties anticipate entering into a definitive supply agreement as they near completion of product development.
Other news from the department business & finance
Most read news
More news from our other portals
Last viewed contents
Superhydrophobic magnetic sponge to help purify water from oil products
Personnel changes at LANXESS
A Phonon Floodgate in Monolayer Carbon - The first STM spectroscopy of graphene flakes yields new surprises
Novel optical fibers transmit high-quality images - Image transport through new fiber architecture rivals that of current endoscopy imaging fibers
LyondellBasell confirms its participation in the development of an integrated Petrochemical complex in Western Kazakhstan
You can't teach old materials new tricks - Decades-old challenge has researchers seeking new materials for radiation detection
Orion sues Sun Pharmaceuticals in the U.S. to enforce a patent for Stalevo - Company states the realisation of generic competition is neither certain nor imminent
ICI Agrees Sale of UK Methanol Business
Is it time to abandon the Nobel Prize? - Provocative comment emphasis collaboration over few-person discoveries
