17 October 2011
Overview
Solazyme and Unilever signs commercial agreement
including offtake terms for targeted renewable oils
for use in soap, personal care and nutritional products.
The Commercial Development Agreement, which is
funded by Unilever, expands the companies' current
research and development efforts and is the fourth
agreement the parties have entered into.
Upon successful completion of the development agreement
and related activities, the two companies have agreed
the terms of a multi-year supply agreement in which
Unilever would purchase commercial quantities of
Solazyme's renewable oils.
Combined strengths
Since 2009, the two companies have been collaborating
on the research and development of tailored oils
utilizing Solazyme's technology platform and
Unilever's broad knowledge in the consumer goods space.
Solarzyme
* Unilever's commitment to help develop products
formulated with Solazyme renewable oils represents
a milestone in the market validation of Solazyme's
tailored oil technology.
* Solazyme's technology platform presents a unique
opportunity for Unilever to devloping innovative,
new products with enhanced consumer benefits while
advancing Unilever's Sustainable Living Plan.
* Unilever has consistently led the consumer goods industry
towards greater sustainability and Solazyme's technology,
coupled with Unilever's scale and reach creates a
compelling opportunity to improve product quality
while facilitating sustainable living.
Unilever's ambition and Sustainable Living Plan
* Unilever has an ambition to double its business and
halve its environmental impact. To realize this ambition,
under Sustainable Living Plan,
Unilever is committed to sourcing 100 %
of agricultural raw materials sustainably
by 2020
* The relationship with Solazyme, which has been developed
over several years, will help Unilever to honor this commitment,
as Solazyme's technology platform provides unique
opportunity to integrate sustainable raw materials into
Unilever's production lines while positively impacting
environmental efforts and bringing better products to
Unilever's customers.
