Stock Report: Solazyme Inc. (SZYM) Report Updated: May 13, 2013 | Print This Page

Solazyme, Inc. engages in the production of renewable oil with a focus on chemicals and fuels, nutrition, and skin and personal care markets. The company’s proprietary technology transforms a range of plant-based sugars into oils. Its renewable products could replace or enhance oils derived from petroleum, plants, and animal fats. The company’s industrial biotechnology platform harnesses the prolific oil-producing capability of microalgae. Its biotechnology platform also helps in the production of bioproducts, which are made from the protein, fiber, and other compounds produced by microalgae. Solazyme, Inc. utilizes industrial fermentation equipment to scale and accelerate microalgae’s natural oil production time to a few days. It focuses on selling renewable oil as drop-in replacements for marine, motor vehicle, and jet fuels, as well as replacements for chemicals that are traditionally derived from petroleum or other conventional oils. The company also develops microalgae-based food ingredients, including oils and powders that enhance the nutritional profile and functionality of food products; and a portfolio of microalgae-based products, such as Alguronic Acid for skin care. In addition, it offers Algenist, which is an anti-aging skincare product; and develops algal oils as replacements for the essential oils used in skin and personal care products. The company was founded in 2003 and is headquartered in South San Francisco, California.