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Solazyme and Unilever Partner to Bring Algal Renewable Oil to Personal Care Products

Solazyme and Unilever Partner to Bring Algal Renewable Oil to Personal Care Products

Consumer product giant taps Solazyme to develop a cost effective alternative

South San Francisco, Calif. – March 9, 2010 – Solazyme, Inc., a renewable oil and bioproducts company, has signed a research and development agreement with Unilever to develop oil derived from algae for use in soaps and other personal care products. The agreement follows the culmination of a yearlong collaboration between Solazyme and Unilever, in which Solazyme’s renewable algal oils were tested successfully in Unilever product formulations.

"Algal oil provides important benefits in personal care applications," explained Jonathan Wolfson, CEO of Solazyme. "Solazyme’s algal oils can help meet the growing demand for completely renewable, natural and sustainable personal care products. Unilever is an acknowledged world leader in sustainability and we are honored to be working with them to develop this new renewable source of natural oils for their world class consumer products."

Solazyme and Unilever are working to demonstrate a process to incorporate targeted algal oils into personal care products at a commercially relevant scale. The work will further develop Solazyme’s technology platform, which allows algae to produce oil and biomaterials in standard fermentation facilities quickly, efficiently and at large scale.

Among other sustainability initiatives, Unilever is vigorously exploring various next-generation sources of renewable oil for use in its products. Unilever’s collaboration with Solazyme represents a substantial step in the company’s exploration of algae as a source of renewable oil.

"Unilever is committed to the highest sustainability and environmental practices and is working to drive industry change and set new standards," said Peter Gallagher, VP of Global Skin R&D, of Unilever. "Exploring sources of alternative natural oils, is one of the most important aspects of our greater sustainable sourcing strategy and working with Solazyme’s algal oils is an excellent fit."

For more information, please visit www.solazyme.com.

About Solazyme:
Solazyme, Inc. is a renewable oil and bioproducts company and the leader in algal biotechnology. Founded in 2003 and headquartered in South San Francisco, Solazyme’s unique technology allows algae to produce oil and biomaterials in standard fermentation facilities quickly, efficiently and at large scale. These natural oils and biomaterials are tailored not only for fuel production, but also as replacements for fossil-derived petroleum and a variety of natural plant oils and compounds, making them useful in a wide range of products: from oleochemicals, to cosmetics, to foods. Solazyme’s oils and fuels provide compelling solutions to increasingly complex issues of fuel scarcity, energy security and environmental impact while fitting cleanly into the pre-existing multi-trillion dollar fuel infrastructure. Solazyme’s investors among others include Braemar Energy Ventures, Harris & Harris Group, Lightspeed Venture Partners, The Roda Group, and VantagePoint Venture Partners. For more information, please visit our website: http://www.solazyme.com
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CONTACT:
Genet Garamendi, 650-963-5228, ggaramendi [at] solazyme [dot] com
Leah Hardesty, 415-633-3204, lhardesty [at] peppercom [dot] com