Solazyme And Ecopetrol Extend Partnership To Produce Renewable Oil And Bioproducts Using Microalgae In Colombia

Solazyme, Inc., an mechanical biotechnology unchangeable producing renewable oils and bioproducts by way of microalgae, has signed its third progression give authorization to near Ecopetrol (EC, NYSE), the principal unchangeable in Colombia and one of the four biggest oil companies in Latin America, to analyze developed probability of algae-based diesel fuel by way of renewable Colombian feedstocks such as sugarcane and byproduct glycerol. Ecopetrol has a means purpose to bring at least 450 million to excess of fuel from renewable oil sources by 2015.

"Ecopetrol's surveillance control and affection to developing renewable sources of fuel is magnificent. Running near Ecopetrol, Solazyme's technology order bring Colombia near renewable sources of oil and fuel that wonderfully economize carbon infectivity by replacing petro-diesel near a 'drop-in' swop prepared by way of algae." understood Jonathan Wolfson, CEO of Solazyme.

"Ecopetrol is dependable to be seated targets to good turn production of broadminded biofuels in Colombia. As evaluating the contra technologies in the marketplace, we portly that Solazyme is an optimal assistant to worth us be seated these targets due to the enhancement of their technology and the compatibility near our recent telephone system." understood Nestor Saavedra, Higher of the Colombian Petroleum Jerk of Ecopetrol.

As a two-year R&D relative amount, Solazyme and Ecopetrol order now elude inwards the third era, which includes establishing feedstock qualifications and optimization, as well as conducting large-scale fermentation and activity of tape scale services. Inspection this era, the parties diagram to elude on the road to commercial exploitation of renewable oil and fuel production.

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