Solazyme named No 1 Company

Solazyme achieved a number of milestones in 2009 in its quest to use microalgae biotechnology to produce clean and scalable fuels, “green” chemicals, nutritionals and wellness products.

Notable achievements include:

Closing a $57 million Series C financing round Winning two U.S. Department of Defense Navy contracts for jet fuel and ship fuel which constitute the largest quantity of fuel derived from algae or any microbial fuel to dateCompleting a “field-to-wheels” carbon dioxide analysis which concluded that Solazyme’s algal biofuel, Soladiesel™, reduces greenhouse gas emissions 85 to 93 percent when compared with petroleum-based dieselBeing awarded a California Energy Commission PIER grant to develop fuel from cellulosic materialAnnouncing a formal commitment to commercialize algal renewable oil production technology for food and fuel at the 2009 Clinton Global Initiative.

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