Solazyme, Inc. SZYM announced today that it has agreed with
Roquette Frères, S.A. to dissolve their joint venture, Solazyme Roquette
Nutritionals, LLC, in accordance with their Joint Venture and Operating
Agreement dated November 3, 2010, by and between Roquette and Solazyme.
The parties expect the formal dissolution to occur in the coming weeks.
The decision to terminate the joint venture was driven by divergent
views on an acceptable commercial strategy and timeline for the
manufacturing and marketing of joint venture products. As a result,
Solazyme intends to accelerate commercialization of its suite of
innovative microalgal food ingredients.
See full press release
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