Roquette and Solazyme Agree to Dissolve Joint Venture

Lestrem / FR. (rf) Global starch producer Roquette Frères S.A. announced that Solazyme Roquette Nutritionals LLC, a 50/50 joint venture formed with Solazyme Inc. in 2010, will be dissolved. Solazyme Roquette Nutritionals sought to commercialize microalgae-sourced, nutrition-focused ingredients. The decision to terminate the joint venture was driven by divergent views on commercialization targets for Solazyme Roquette Nutritionals. Roquette has been a believer in microalgae as a raw material since 2008, and it is well positioned to independently continue with the development of non-genetically modified, innovative microalgae-sourced ingredients for nutritional applications. Roquette has invested significant resources and know-how in the commercialization of the microalgae-based food ingredients and remains committed to meeting market demands, while aligning the timing of its market launch and financial resources with its overall business objectives.