367:
720:, a Netherlands food and biochemical company. The offer valued TerraVia's assets at $ 20 million plus the assumption of debt associated with the Brazilian manufacturing facility. By comparison, Solazyme's IPO raised over $ 197 million. The sale closed in September of 2017 and by 2023 the legacy Solazyme technology and products were the fastest growing part of Corbion’s portfolio, growing at over 40% yoy with over €110M in sales.
651:, a leading consumer goods company, is one of TerraVia's biggest partners. In 2010, Solazyme and Unilever started its partnership to develop renewable algae oils for use in soaps and other personal care products. In 2011, Unilever funded TerraVia's research and development efforts, which ended in Unilever agreeing to the terms of a multi-year supply agreement. In September 2013 Unilever agreed to purchase 3 million gallons of
616:. which is intended to reduce the aquaculture industry's dependence on wild fish as a source of DHA. AlgaPrime DHA therefore has the potential to boost the sustainability of aquaculture and allow the aquaculture industry to grow in spite of the world's fixed supply of ocean-based DHA. As of 2024, Corbion’s AlgaPrime™ DHA (originally developed and commercialized by Solazyme) is the world’s leading source of algae Omega-3.
212:
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687:. Additionally, Solazyme started a brand of industrial drilling lubricant known as Encapso. Scientists were able to harness the prolific oil-producing capabilities of microalgae to create a first-of-its kind product, microencapsulated oil cells that burst only under sufficient pressure, friction, and shear.
737:
According to its sustainability report, TerraVia states that "transparency is central to all of our sustainability principles." TerraVia supports this goal with a number of commitments, which include engaging with and asking for stakeholders' inputs, publishing product data in peer-reviewed journals,
690:
As part of the change in focus, TerraVia stated that its fuels, industrial oils, and
Encapso business would be grouped together under Solazyme Industrials starting in March 2016. Furthermore, "The company will be pursuing strategic alternatives over the next 12–18 months to unlock the value created .
550:
In April 2012, Solazyme and Bunge announced a plan to construct a shared commercial-scale production facility in Brazil. As one of the world's largest vegetable oil distributors, Bunge would supply the facility with sugarcane feedstock from its sugarcane processor in Brazil for use in
Solazyme algae
749:
TerraVia had the third party organization
Thinkstep conduct life cycle analysis on its products in order to assess their environmental impacts in comparison to other oils. The results show that algae oil production often has significantly lower environmental impacts in comparison to traditional oil
753:
A life cycle analysis conducted in 2016 compared the sugarcane-fed algae oil produced at the
Solazyme Bunge joint venture facility in Brazil against soybean, tallow, palm kernel, olive, palm, canola, and sunflower oil in terms of its carbon emissions and water consumption. Thinkstep found that the
495:. The initial fuel production for phase 1 of a 550,000 liter contract was completed ahead of schedule. Also in 2011 Solazyme and United Airlines partnered to fly the first ever commercial flight on biofuels including the signing of an LOI for United to purchase 20 million gallons of Solajet fuel.
592:
TerraVia is also responsible for the Thrive Algae Oil brand. Thrive is marketed as "The Best Oil For Your Heart" due to its high levels of monounsaturated fats, which are known to decrease bad cholesterol and reduce the risk of heart disease and stroke. Thrive has been praised by food industry
389:
In 2013 Dillon announced his decision to step down from his full-time position as CTO and member of the Board of
Directors of Solazyme and shift to a long-term consulting role focused on further developing the breadth of the technology platform and advising on intellectual property strategy.
699:
Solazyme officially changed its name to TerraVia
Holdings Inc. in March 2016 with a redefined focus on food, nutrition, and personal care. As part of the change, the company stated that its previous fuel and industrial oil products and workings would operate under Solazyme Industrials.
761:
The company also analyzed the land impact of its algae oil compared to traditional oils. It found that the algae oil is comparable to palm oil in land use efficiency, with both algae and palm yielding more than six times the amount of oil per hectare than any other oil producing crop.
560:
The production of AlgaPrime DHA was announced in May 2016 and is the first product under the joint venture of TerraVia and Bunge. AlgaPrime DHA is a new algae-based specialty feed ingredient designed to reduce the aquaculture industry's dependence on wild fish populations.
498:
In 2012, Solazyme partnered with the Navy for the Rim of the
Pacific Exercises (RIMPAC) Great Green Fleet (GGF) demonstration in which numerous naval vessels and fighter jets ran on a blend of traditional and renewable fuels in the largest demonstration of its kind.
1323:
518:
reported in July 2011 that with the commercialization of new oil products, Solazyme stock had become less risky. The bank initiated coverage with a top rating and $ 31 target. In a note to clients, it said
Solazyme
344:
to transform a range of low-cost plant-based sugars into high-value oils and whole algae ingredients. TerraVia supplied a variety of sustainable algae-based food ingredients to a number of brands, which included
600:
grocery chain began supplying Thrive to the Los
Angeles area in 2015. Due to its success in this market, TerraVia announced it would expand the distribution of Thrive throughout the West Coast in May 2016.
733:
TerraVia sets a goal of providing replacements for unsustainable products like palm and soybean oil. The brand's food ingredients seek to provide a healthy alternative to animal-based lipids and proteins.
2332:
404:
In 2004 and 2005, Solazyme began development of an algal molecular biology platform, identified and initiated a platform for microalgae-based oil production. The company then expanded focus on skin and
2159:"Solazyme Honored with 2010 Clean Air Award by Bay Area Non-Profit BREATHE California for their Renewable Oil Production Technology which Significantly Reduces Green House Gas Emissions (NASDAQ:SZYM)"
443:
equipment (75,000-liter scale), worked with a third party refiner to demonstrate the compatibility of the oil with standard refining equipment, and produced over 400 liters of microalgae-based oils.
612:
As part of its joint venture with Bunge
Limited, Solazyme/TerraVia supplied aquaculture feed producer BioMar with an algae-based feed ingredient known as AlgaPrime DHA. AlgaPrime DHA is a source of
412:
Solazyme used a technique to grow microalgae, which allows the production process to be extremely efficient in terms of cost, scale, time, and sustainability. In contrast to common open pond and
1651:
2307:
1006:
1149:
511:. The company planned to raise $ 160 million by offering 10 million shares at a price range of $ 15 to $ 17 and ended up selling 7,901,800 shares for $ 20 each in its first day of trading.
1771:
384:
Neither of us wanted to go work for some giant organization where we were a tiny cog in a huge wheel. We wanted to make a difference and create something that had never existed before.
1330:
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In late 2015, Solazyme and Bunge announced an expansion of their joint venture, which included an agreement to have Bunge market the food oils produced through the joint venture.
2312:
1171:
1108:
881:
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1448:
644:. Grossman is an expert in algal photosynthesis and has studied how algae protect themselves from harsh environments and reasoned they could be used to protect human skin.
758:
per kilogram of oil produced. All other oils compared had higher carbon emissions. Algae oil also had the second lowest impact in water consumption, second to canola oil.
765:
The Thinkstep life cycle analysis highlights the advantages of producing algae oil over traditional oil sources in regard to the environmental impacts of oil production.
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BREATHE California awarded Solazyme the 2010 Clean Air Award for their renewable oil production technology which significantly reduces greenhouse gas emissions.
589:
AlgaVia and AlgaWise supply algae-based ingredients to food manufacturers, such as South Coast Baking Company, Follow Your Heart, and So Delicious Dairy Free.
1984:
2106:
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164:
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In June 2011 Solazyme won San Francisco Business Times Cleantech and Sustainability Award in the Fuels, Chemicals, and Specialty Products category.
1644:"TerraVia (Solazyme) and Unilever Sign Multi-Year Supply Agreement for $ 200 Million + of Sustainable High Performance Algae Oils | Business Wire"
1141:
1763:
2327:
842:"Solazyme rebrands as TerraVia, raised $ 28m as part of plan to focus on food, nutrition, personal care: 'We're redefining the future of food'"
469:
Technology Ventures to explore the commercialization of algal fuel. Later that year, the company stated that it had produced the world's first
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to create a renewable source of energy and transportation fuels. Founders Jonathan S. Wolfson and Harrison Dillon, who met while attending
87:
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393:
Wolfson continued on as Chairman and CEO of Solazyme until August 2016 when he stepped down from management while he stayed on the Board.
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691:
Solazyme's objective is to identify partners who have the operational capabilities needed to realize the potential of those businesses."
481:
396:
TerraVia appointed Apu Mody, former President of Mars Food America, as new CEO and a member of the Board of Directors, in August 2016.
477:
106:
974:
741:
As part of this transparency, TerraVia has made information regarding the environmental impacts of its products publicly available.
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1059:"United Airlines makes historic first US commercial biofuel flight using Solazyme's algae-derived Solajet on GreenAir Online"
1898:
841:
578:, as part of a market development initiative. Products incorporating Golden Chlorella could be found at retailers including
2189:"Solazyme Wins No. 1 Sustainable Biofuels Technology Award at World Biofuels Markets Conference in Amsterdam (NASDAQ:SZYM)"
2302:
1527:
1410:
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904:"Solazyme Announces Transition of Dr. Harrison Dillon, Co-Founder and President to Strategic Advisor Role (NASDAQ:SZYM)"
876:
1204:"Solazyme and Bunge Form Joint Venture for Commercial-Scale Renewable Oil Production Facility in Brazil (NASDAQ:SZYM)"
102:
554:
Construction of the new facility began in June 2012 and in May 2014, the joint venture plant began oil production.
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156:
1976:
49:
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655:. In March 2016 the companies signed a multi-year supply agreement, where Unilever has agreed to purchase over
805:
Solazyme won the No. 1 Sustainable Biofuels Technology award at the World Biofuels Markets Conference in 2010.
636:. It is sold in Canada, France, and the United Kingdom. The idea of using algae for a skincare line came from
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2096:
508:
491:
In 2011, the company announced it had produced over 283,000 liters of military-spec diesel (HRF-76) for the
440:
451:
267:
2249:"Solazyme, Inc. Selected by AlwaysOn as a GoingGreen 100 Top Private Company Award Winner. (NASDAQ:SZYM)"
282:
527:) stood to boost sales and become more stable now that it had partnered with major agribusinesses like
293:
1324:"Securing the sustainable development of aquaculture by increasing the availability of marine omega-3"
353:
and enjoy Life Foods. TerraVia also sold its own culinary algae oil under the Thrive Algae Oil brand.
297:
808:
Solazyme was ranked No. 1 among the 2009–2010 "50 Hottest Companies in Bioenergy" in Biofuels Digest.
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2037:"Solazyme's Algenist Brand Wins Coveted 2014 Marie Claire Excellence in Beauty Award (NASDAQ:SZYM)"
2014:
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436:
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1294:"TerraVia and Bunge Launch AlgaPrime DHA for the Specialty Feed Ingredients Market (NASDAQ:SZYM)"
637:
613:
579:
575:
492:
485:
439:
through its division Chevron Technology Ventures, began operating in commercially sized standard
1470:
811:
Solazyme was selected by AlwaysOn as a GoingGreen 100 Top Private Company Award Winner for 2007.
366:
1734:"Solazyme Focuses Its Breakthrough Algae Platform to Redefine the Future of Food (NASDAQ:SZYM)"
1704:"Solazyme Focuses Its Breakthrough Algae Platform to Redefine the Future of Food (NASDAQ:SZYM)"
1917:
1845:
480:
for the construction of an integrated biorefinery project. It also formed a contract with the
350:
2129:"Solazyme Wins San Francisco Business Times Cleantech and Sustainability Award (NASDAQ:SZYM)"
1614:"Solazyme and Unilever Sign Commercial Supply Agreement for Tailored Algal Oil (NASDAQ:SZYM)"
796:
named Solazyme "America's Fastest-Growing Manufacturing Company" in its September 2011 issue.
98:
382:, started the company in a garage in Palo Alto. Regarding their partnership, Dillon said: "
379:
2287:
1234:"Solazyme Bunge Renewable Oils Plant Begins Commercial Production in Brazil (NASDAQ:SZYM)"
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1951:
1588:"Solazyme and Unilever Sign Commercial Development Agreement for Renewable Oils"
583:
2007:"Solazyme Wins 2014 Presidential Green Chemistry Challenge Award (NASDAQ:SZYM)"
1846:"Algae Biofuels Maker Solazyme Goes Public, Finally, Raking In $ 197.6 Million"
1356:"Thrive Algae Oil Delivers Strong Results in Retail Market Test (NASDAQ:SZYM)"
709:
647:
TerraVia also markets its AlgaPĹ«r Algae Oil brand to personal care producers.
417:
375:
1142:"Solazyme, Inc. (NASDAQ:SZYM) - Goldman Sachs Initiates Solazyme with a Buy"
676:
652:
625:
574:
In 2010, Solazyme launched its first products, the Golden Chlorella line of
374:
Solazyme, Inc., was founded on 31 March 2003, with the mission of utilizing
1764:"TerraVia files for Chapter 11 and enters into competitive bidding process"
934:"TerraVia Appoints Veteran Food and CPG Executive as New CEO (NASDAQ:SZYM)"
142:
684:
648:
604:
In 2024 the original Solazyme/TerraVia team relaunched Thrive Algae oil.
470:
593:
professionals for its neutral taste, versatility, and high smoke point.
17:
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to deliver microalgae-based marine (renewable F-76) diesel fuel to the
423:
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2219:"Solazyme Named #1 Hottest Company by Biofuels Digest (NASDAQ:SZYM)"
1471:"Algae for Omega-3 DHA|Sustainable Aquaculture Ingredients|Corbion"
1441:"A new way to feed farmed salmon could take pressure off wild fish"
777:
Solazyme won the 2014 Presidential Green Chemistry Challenge Award.
624:
TerraVia currently manufactures the Algenist brand for the luxury
476:
In 2009, Solazyme was awarded approximately $ 22 million from the
431:
In September 2007, Solazyme received a $ 2 million grant from the
422:
365:
1528:"How an Algae Biofuel Company Ended Up in the Cosmetics Business"
774:
In 2016, Thrive Culinary Algae Oil won the Gama Innovation Award.
667:
The company has formerly engaged in development activities with
1873:"Innovative microalgae specialist TerraVia acquired by Corbion"
738:
and openly communicating about the production of its products.
640:, the Chief of Genetics at Solazyme and Staff Scientist at the
465:
Also in January 2008, the company announced a partnership with
1977:"Gama » Gama Innovation Award: Thrive Culinary Algae Oil"
1385:
633:
136:
70:
29:
1558:"Solazyme Adds Unilever as Strategic Investor (NASDAQ:SZYM)"
628:
market through marketing and distribution arrangements with
539:
On 8 August 2011, Solazyme announced a joint venture with
312:
1411:"Increasing the availability of marine omega-3 - BioMar"
965:"Driving Around Sundance With Biodiesel Made From Algae"
790:
named Solazyme as one of their 2012 Technology Pioneers.
2280:
1264:"Bunge and Solazyme Expand Joint Venture (NASDAQ:SZYM)"
94:
2333:
Companies that filed for Chapter 11 bankruptcy in 2017
1029:"U.S. Military Boosts Clean Energy, With Startup Help"
716:. The company announced a "stalking horse" offer from
547:
using Solazyme's algae-based sugar-to-oil technology.
462:
C320 fueled with its Soladiesel brand of algal fuel.
754:
algae oil was on par with sunflower oil in terms of
659:
worth of a broad portfolio of renewable algae oils.
427:
Solazyme Soladiesel shown in the company laboratory.
420:
in the dark, inside huge stainless-steel containers.
105:, and by adding encyclopedic content written from a
543:company Bunge Limited to develop renewable oils in
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266:
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228:
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2308:Companies based in South San Francisco, California
2097:"America's Fastest-Growing Manufacturing Company"
872:"Solazyme Founders Friendship Stretches Decades"
780:Solazyme's Algenist skincare brand won the 2014
1820:"TerraVia Announces Bankruptcy and Asset Sale"
433:National Institute of Standards and Technology
1084:"The Great Green Fleet Makes History! | USDA"
8:
435:, signed a joint development agreement with
204:
2313:Biotechnology companies established in 2003
1922:: CS1 maint: numeric names: authors list (
64:Learn how and when to remove these messages
1497:"Solazyme Announces New Chief of Genetics"
446:In January 2008, Solazyme was featured in
203:
784:Prix d'Excellence de la Beaute in France.
724:Sustainability principles and commitments
190:Learn how and when to remove this message
125:Learn how and when to remove this message
507:In May 2011, Solazyme set terms for its
167:of all important aspects of the article.
832:
514:Investment banking and securities firm
2318:American companies established in 2003
1915:
963:Squatriglia, Chuck (23 January 2008).
163:Please consider expanding the lead to
86:contains content that is written like
2077:from the original on 13 February 2018
1939:
1937:
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977:from the original on 23 February 2009
708:On 2 August 2017, TerraVia filed for
7:
2109:from the original on 24 October 2011
1987:from the original on 2 February 2017
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1421:from the original on 2 February 2017
1152:from the original on 2 February 2017
1039:from the original on 26 October 2011
884:from the original on 3 November 2012
1140:Chen, Jonathan (31 December 1969).
1009:from the original on 6 January 2011
482:United States Department of Defense
370:Founder and CEO Jonathan S. Wolfson
1852:from the original on 4 August 2017
1826:from the original on 4 August 2017
1538:from the original on 18 March 2017
997:"Algae as Alternative Fuel Source"
478:United States Department of Energy
25:
852:from the original on 19 June 2016
45:This article has multiple issues.
1774:from the original on 21 May 2022
1526:Schwartz, Ariel (7 March 2011).
1172:"Solazyme Up on Positive Report"
535:Joint venture with Bunge Limited
210:
141:
75:
34:
458:. At the event, it presented a
257:South San Francisco, California
155:may be too short to adequately
53:or discuss these issues on the
1897:Reporting, F19-Digital First.
1109:"Solazyme Enjoys Strong Debut"
473:derived from an algal source.
165:provide an accessible overview
27:American biotechnology company
1:
2328:2011 initial public offerings
1871:Corbion (29 September 2017).
1386:"Thrive™ Culinary Algae Oils"
1180:. 6 July 2011. Archived from
1117:. 27 May 2011. Archived from
729:Principles and sustainability
1495:Solazyme (11 January 2007).
877:San Francisco Business Times
400:Initial focus and Technology
416:approaches, TerraVia grows
2349:
2067:"Technology Pioneers 2012"
704:Bankruptcy filing and Sale
450:, which was played at the
1674:"Encapso® | Why Encapso®"
1177:Investor's Business Daily
1114:Investor's Business Daily
1063:archives.greenairnews.com
584:General Nutrition Centers
209:
822:List of meat substitutes
756:global warming potential
551:oil production process.
2323:Algae biomass producers
1877:GlobeNewswire News Room
1445:San Francisco Chronicle
840:FoodNavigator-USA.com.
509:initial public offering
503:Initial public offering
441:industrial fermentation
347:Hormel Food Corporation
326:TerraVia Holdings, Inc.
205:TerraVia Holdings, Inc.
2253:investors.terravia.com
2223:investors.terravia.com
2193:investors.terravia.com
2163:investors.terravia.com
2133:investors.terravia.com
2041:investors.terravia.com
2011:investors.terravia.com
1738:investors.terravia.com
1708:investors.terravia.com
1618:investors.terravia.com
1562:investors.terravia.com
1360:investors.terravia.com
1298:investors.terravia.com
1268:investors.terravia.com
1238:investors.terravia.com
1208:investors.terravia.com
938:investors.terravia.com
908:investors.terravia.com
614:DHA omega-3 fatty acid
452:Sundance Film Festival
428:
407:personal care products
371:
342:proprietary technology
332:) was a publicly held
1768:foodnavigator-usa.com
846:FoodNavigator-USA.com
426:
369:
351:Utz Quality Foods Inc
107:neutral point of view
2303:Algal fuel producers
1983:. 24 February 2016.
1981:www.gamaconsumer.com
1648:www.businesswire.com
1366:on 17 September 2016
788:World Economic Forum
663:Solazyme Industrials
642:Carnegie Institution
2286:30 May 2016 at the
2071:reports.weforum.org
1035:. 24 October 2011.
745:Life cycle analysis
576:dietary supplements
565:Products and brands
283:Jonathan S. Wolfson
206:
99:promotional content
2259:on 2 February 2017
2229:on 2 February 2017
2169:on 2 February 2017
2139:on 2 February 2017
2105:. 23 August 2011.
2047:on 2 February 2017
2017:on 2 February 2017
1744:on 2 February 2017
1714:on 2 February 2017
1624:on 2 February 2017
1594:on 2 February 2017
1568:on 2 February 2017
1501:www.prnewswire.com
1336:on 2 February 2017
1304:on 2 February 2017
1274:on 2 February 2017
1244:on 2 February 2017
1214:on 2 February 2017
1184:on 26 January 2013
1121:on 26 January 2013
1005:. 7 January 2009.
944:on 2 February 2017
914:on 2 February 2017
580:Whole Foods Market
493:United States Navy
486:United States Navy
429:
372:
101:and inappropriate
2199:on 15 August 2016
1822:. 2 August 2017.
1650:. 14 March 2016.
712:protection under
323:
322:
294:Sustainable Foods
200:
199:
192:
182:
181:
135:
134:
127:
68:
16:(Redirected from
2340:
2281:TerraVia website
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2255:. Archived from
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2225:. Archived from
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2135:. Archived from
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2043:. Archived from
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2013:. Archived from
2003:
1997:
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1992:
1973:
1967:
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1950:. Archived from
1949:
1945:"Sustainability"
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1684:on 19 April 2017
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1507:on 18 March 2017
1503:. Archived from
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93:Please help
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47:Please help
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608:Aquaculture
2297:Categories
2263:25 January
2233:25 January
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2113:28 October
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856:24 January
828:References
714:Chapter 11
710:bankruptcy
418:microalgae
376:microalgae
328:(formerly
268:Founder(s)
173:March 2021
95:improve it
50:improve it
750:sources.
677:Ecopetrol
653:algae oil
626:skin care
315:.terravia
157:summarize
56:talk page
2284:Archived
2107:Archived
2075:Archived
1985:Archived
1918:cite web
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1850:Archived
1830:4 August
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882:Archived
850:Archived
816:See also
695:TerraVia
685:Unilever
649:Unilever
598:Gelson's
471:jet fuel
362:Founding
330:Solazyme
290:Industry
18:Solazyme
2203:17 June
1778:27 July
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669:Chevron
630:Sephora
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467:Chevron
437:Chevron
245:Founded
237::
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1395:9 June
1390:Thrive
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1093:9 June
1068:9 June
1013:8 July
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769:Awards
683:, and
681:Qantas
545:Brazil
521:Nasdaq
235:Nasdaq
223:Public
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285:, CEO
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570:Food
525:TVIA
317:.com
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634:QVC
454:in
313:www
308:URL
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