Solazyme Inc. and Roquette Freres SA ended a venture to develop and bring to market algae-based nutritional products.
June 24/New York/Bloomberg -- Bloomberg News is reporting Solazyme Inc. and Roquette Freres SA ended a venture to develop and bring to market algae-based nutritional products to add to food because of “divergent” views.
Solazyme Roquette Nutritionals LLC, will be dissolved in the coming weeks, according to a statement. The venture, established in November 2010, was equally owned by both companies. Roquette had agreed to provide all the capital expenditures and working capital to produce the nutrition products for the venture.