The plant, which will leverage Solazyme's breakthrough sugar-to-oil technology and Bunge's sugarcane milling and natural oil processing capabilities, will produce Solazyme's tailored triglyceride oils for chemical applications. The equity contributions for the project will be financed jointly by the parties, and the agreement includes a value sharing mechanism that provides additional compensation to Solazyme for its technology contributions.
From the August 8, 2011, Prepared Foods' Daily News.