May 9/South San Francisco, Cal./Brighter Energy News -- Solazyme Inc., a renewable oils and bioproducts company, has announced a two-year joint development agreement with Bunge Limited to develop microbe-derived oils utilizing Brazilian sugar cane feedstock.
The agreement builds on Bunge’s earlier equity investment in Solazyme, and the letter of intent signed by both firms in December 2010 that contemplates a manufacturing joint venture for the production of tailored oils at Bunge’s sugar cane mills in Brazil.