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News Breaks
May 29, 2014
06:00 EDTBG, SZYMSolazyme Bunge renewable oils plant begins commercial production in Brazil
Solazyme (SZYM) announced that its joint venture with Bunge Global Innovation, a wholly-owned subsidiary of Bunge (BG), has successfully produced its first commercially saleable products on full-scale production lines, including the 625,000L fermentation tanks, at the Solazyme Bunge Renewable Oils plant in Brazil. Both oil and encapsulated lubricant, Encapso, products have been manufactured; production is continuing and is expected to reach nameplate capacity within the next 12-18 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.
January 12, 2015
12:02 EDTBGUSDA cuts 2014 corn output estmate on lower yields
In its latest World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture said its U.S. feed grain supplies for 2014/15 are now projected lower, with a reduction in corn production more than offsetting an increase in sorghum. Corn production is estimated 191M bushels lower, though yield and production both remain records, USDA noted. Publicly traded companies in the space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT). Reference Link

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