Solazyme Wins No. 1 Sustainable Biofuels Technology Award at World Biofuels Markets Conference
Solazyme Wins No. 1 Sustainable Biofuels Technology Award at World Biofuels Markets Conference in Amsterdam
South San Francisco, Calif. – March 17, 2010 – Solazyme, Inc., a renewable oil production company and leader in algal biotechnology, took home the number one position in the Sustainable Biofuels Technology category at the 2nd Annual Sustainable Biofuels Awards. The awards, which were announced March 16 in Amsterdam at the World Biofuels Markets conference, offered companies the ability to showcase significant accomplishments in the biofuels industry. Solazyme is recognized as being the top technology supplier that is improving the efficiency and sustainability of biofuels production.
"Solazyme is honored to be nominated among some of the top biofuel technology companies in the world for this award," said Jonathan Wolfson, CEO, Solazyme. "We are grateful to accept this top spot as our team has worked tirelessly to establish Solazyme’s technology platform as a viable alternative to traditional oil production methods."
The World Biofuels Market selected a panel of independent judges to evaluate and analyze the nominations for these awards. Taken into consideration were sustainability benefits as measured by GHG savings, environmental impact and further societal benefits from each nomination’s operational or technological advances. Solazyme’s technology shows exponential benefits over petroleum in all of these categories.
Since the company’s start in 2003, Solayzme has produced the world’s first algal-based renewable diesel, the world’s first 100% algal-based jet fuel, and road-tested the first algae-derived biodiesel. Additionally, Solazyme has signed the largest commercial algae fuel contracts to date, supplying the U.S. Department of Defense with 21,500 gallons of fuel for Navy compatibility testing. In 2009, a field-to-wheels greenhouse gas (GHG) lifecycle test conducted by the Life Cycle Associates, LLC, determined that Solazyme’s algal biofuel, Soladiesel™, emits 85 to 93 percent less GHG emissions than standard petroleum based ultra-low sulfur diesel (USLD). The analysis also concluded that Solazyme's advanced biofuels result in a significantly lower carbon footprint than any currently available first-generation biofuel.
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 oils and biomaterials are tailored not only for biofuel production, but also as replacements for fossil petroleum and plant oils in a diverse range of products running from clean fuels and chemicals to cosmetics and 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.
Genet Garamendi, 650-963-5228, ggaramendi [at] solazyme [dot] com
Leah Hardesty, 415-633-3204, lhardesty [at] peppercom [dot] com