Solazyme and AkzoNobel Expand Partnership in Surface Chemistry
The parties expect that Solazyme’s algal oil for the new proprietary surfactant contemplated under the joint development agreement would be able to replace both petroleum- and palm oil-derived chemicals. The target product is designed to have improved functional and environmental performance, as well as a lower overall cost to AkzoNobel.
Product development is expected to commence immediately, and the parties anticipate entering into a definitive supply agreement as they near completion of product development.
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