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Solazyme_meeting the growing needs for renewable fuels

Solazyme_meeting the growing needs for renewable fuels

Solazyme, Inc. is a renewable oil and bioproducts company and the leader in algal biotechnology. Using industrial fermentation equipment to efficiently scale and accelerate the microalgae's natural oil production time to just a few days, Solazyme's feedstock flexible platform has the ability of utilizing a wide variety of plant-based sugars, like sugarcane-based sucrose, corn-based dextrose, and sugar from other biomass sources including cellulosics.

Solazyme grows their proprietary microalgae in the absence of light using fermentation tanks to convert photosynthetic plant sugars into oil, in effect utilizing "indirect photosynthesis."

Solazyme, Inc. is a renewable oil and bioproducts company and the leader in algal biotechnology. Using industrial fermentation equipment to efficiently scale and accelerate the microalgae's natural oil production time to just a few days, Solazyme's feedstock flexible platform has the ability of utilizing a wide variety of plant-based sugars, like sugarcane-based sucrose, corn-based dextrose, and sugar from other biomass sources including cellulosics.

Solazyme grows their proprietary microalgae in the absence of light using fermentation tanks to convert photosynthetic plant sugars into oil, in effect utilizing "indirect photosynthesis."

Renewable Oil Markets

Solazyme oils aim to address many of the challenges associated with traditional oils, such as constrained supplies, volatile pricing, and potentially negative and irreversible environmental effects.

Offering oils that can be tailored to address key performance properties of petroleum and/or other natural oils, the "drop-in" nature of Solazyme's tailored oils enables compatibility with existing production, refining, and distribution infrastructure in each of the biofuel-maker's target markets.

The company believes that the greatest market needs their biofuel technology platform can address are in the fuels, chemicals, nutritionals, and skin and personal care markets.

Fuels

Global demand for alternative fuels is increasing everyday due to population growth, increased attention to energy security, and environmental policy mandates.

For example, the Environmental Protection Agency set 2011 renewable fuel standards volume requirements at 1.35 billion gallons of advanced biofuels. And the U.S. Navy's goal is to operate at least 50 percent of its fleet on clean renewable fuel sources by 2020. Achieving this objective will require a significant use of biofuels.

There's also a growing market for tailored oils to compete against other biofuel sources, such as soy oil in Brazil and rapeseed oil in Europe.

Chemicals

Petrochemicals are another significant oil market, estimated at $611 billion. In addition, attractive opportunities exist in the oleochemicals (derived from fats and natural oils) market. In 2009, about 9 million metric tons of palm kernel and coconut oils were consumed globally for food and industrial applications such as laundry detergent, soap, and shampoo. Meanwhile, functional fluids (derived from either petroleum or other conventional oils), such as airplane de-icing fluids, must meet strict industry requirements and possess specific physical properties, which increases their market value potential.

Solazyme's tailored oils are a natural fit for these markets. Solazyme has announced partnerships in the chemical markets with Unilever and The Dow Chemical Company.

Nutritionals

The $2 trillion packaged food industry is actively seeking more natural, sustainable sources of fiber and healthful fats without compromising value, quality, taste, or nutrition.

Food systems are complex, and Solazyme tailored oils can be crafted specifically to achieve the performance and shelf-life properties of food products. Solazyme has partnered with Roquette Frères to launch Solazyme-Roquette Nutritionals, a joint venture commercializing a suite of microalgae-derived food ingredients.

Health Sciences

Our Health Sciences business is targeting the global skin and personal care market, which is estimated at $323 billion. Within this market, we target (1) toiletries, makeup, and hair care, estimated at $239 billion, and (2) skin care, estimated at $84 billion. Consumers are staying active and living longer, and their desire to appear youthful will continue to drive growth in the beauty and personal care markets.

Solazyme has developed microalgae-derived skin care products and signed distribution deals with Sephora International, Sephora USA, and QVC. Unique to our business, we are entering into to this market with Solazyme branded products, including Algenist.

Meeting the growing need for renewable fuels

Solazyme  CEO,  Jonatham Wolfson and  CTO, Harrison Dillon

Solazyme CEO, Jonatham Wolfson and CTO, Harrison Dillon (image courtesy ecofriendlymag.com)

Petroleum touches nearly every aspect of our lives. Solazyme creates clean, low carbon, renewable advanced biofuels that meet the ever growing demand of fuel supply. These fuels are produced in-spec and "drop-in" ready.

Solazyme's tailored oils provide cost-effective, high-quality "drop-in" replacements for marine, motor vehicle, and jet fuels. Solazyme's fuels, being compatible with existing infrastructure, meet industry specifications, and can be used with factory-standard engines, without modifications.

Currently, Solazyme is collaborating with Chevron, UOP Honeywell, and additional industry leading refining partners, to produce SoladieselRD® renewable diesel, SoladieselHRF-76® renewable diesel for ships, and Solajet® renewable jet fuel for both military and commercial application testing.

In 2010, Solazyme delivered over 80,000 liters of algal-derived marine diesel and jet fuel to the U.S. Navy, constituting the world's largest delivery of 100% microbial-derived, non-ethanol biofuel. Subsequently, Solazyme was awarded another contract with the U.S. Department of Defense for production of up to 550,000 additional liters of naval distillate

Author
Carrie Ann is Editor-in-Chief at Industry Leaders Magazine, based in Las Vegas. Carrie covers technology, trends, marketing, brands, productivity, and leadership. When she isn’t writing she prefers reading. She loves reading books and articles on business, economics, corporate law, luxury products, artificial intelligence, and latest technology. She’s keen on political discussions and shares an undying passion for gadgets. Follow Carrie Ann on Twitter, Facebook & Google.

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