Solazyme breaks ground on Brazil plant
Solazyme Inc. broke ground on its Brazil manufacturing plant adjacent to partner Bunge's sugarcane mill.
The companies are targeting the end of 2013 to begin production on renewable oils made from sugarcane using Solazyme's algae-based biotechnology processes.
This is South San Francisco-based Solazyme's second announced commercial facility. It also purchased a commercial scale manufacturing plant in Peoria, Ill., In March 2011 for $11.5 million.
Bunge Ltd. is a global agribusiness with which Solazyme has held partnership agreements for several years.
The Brazil manufacturing plant is operated under the joint venture formed in April between Bunge and Solazyme called Solazyme Bunge Produtos Renováveis Ltda.
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