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Stock Market & Financial Investment News

News Breaks
November 14, 2012
16:12 EDTBG, SZYMSolazyme announces Joint Venture Expansion Framework with Bunge unit
Solazyme (SZYM) announced that it has entered into a Joint Venture Expansion Framework Agreement with Bunge Global Innovation, a wholly-owned subsidiary of Bunge Limited (BG). The agreement sets forth the intent of the partners to expand joint venture-owned oil production capacity at Solazyme Bunge Renewable Oils from the current 100,000 metric tons under construction in Brazil to 300,000 metric tons by 2016 at select Bunge owned and operated processing facilities worldwide. Also, the companies intend to expand the portfolio of oils to be produced out of their joint venture facility in Brazil. The expanded field and portfolio of oils would include certain tailored food oils for sale in Brazil, where Bunge is the largest supplier of edible oils through several of its retail brands. The parties intend to work together through joint market development to bring new healthy and nutritious edible oils to the Brazilian market. The parties anticipate negotiation of definitive agreements in the coming months.
News For SZYM;BG From The Last 14 Days
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January 15, 2015
09:04 EDTSZYMSolazyme receives FDA GRAS no questions letter for Whole Algal Protein
Solazyme announced that the FDA has issued a favorable response to Solazyme’s notification concluding that Whole Algal Protein is Generally Recognized as Safe, or GRAS, as an ingredient in food and beverage products. This No Questions letter will further pave the way for mainstream adoption of this new source of vegan protein enabling the creation of new products that meet consumer demand for healthy, sustainable ingredients. Commercialized under the brand AlgaVia Microalgae Food Ingredients, AlgaVia Whole Algal Flour received a GRAS No Questions letter from the FDA in June 2013. AlgaVia Whole Algal Protein and AlgaVia Whole Algal Flour are the first-ever microalgae-based food ingredients of their kind to be GRAS. AlgaVia Whole Algal Protein is a vegan-friendly, gluten-free product that contains a rich collection of fiber, lipids and micronutrients such as lutein and zeaxanthin.

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