12 Facts About Solazyme

Solazyme, Inc, was founded on 31 March 2003, with the mission of utilizing microalgae to create a renewable source of energy and transportation fuels.

In 2004 and 2005, Solazyme began development of an algal molecular biology platform, identified and initiated a platform for microalgae-based oil production.

Solazyme then expanded focus on skin and personal care products.

In September 2007, Solazyme received a $2 million grant from the National Institute of Standards and Technology, signed a joint development agreement with Chevron through its division Chevron Technology Ventures, began operating in commercially sized standard industrial fermentation equipment, worked with a third party refiner to demonstrate the compatibility of the oil with standard refining equipment, and produced over 400 liters of microalgae-based oils.

In January 2008, Solazyme was featured in Fields of Fuel, which was played at the Sundance Film Festival in Park City, Utah.

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In 2009, Solazyme was awarded approximately $22 million from the United States Department of Energy for the construction of an integrated biorefinery project.

Solazyme planned to raise $160 million by offering 10 million shares at a price range of $15 to $17 and ended up selling 7,901,800 shares for $20 each in its first day of trading.

On 8 August 2011, Solazyme announced a joint venture with agribusiness company Bunge Limited to develop renewable oils in Brazil using Solazyme's algae-based sugar-to-oil technology.

Solazyme officially changed its name to TerraVia Holdings Inc in March 2016 with a redefined focus on food, nutrition, and personal care.

In 2010, Solazyme launched its first products, the Golden Chlorella line of dietary supplements, as part of a market development initiative.

Additionally, Solazyme started a brand of industrial drilling lubricant known as Encapso.

Solazyme's objective is to identify partners who have the operational capabilities needed to realize the potential of those businesses.