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Solazyme, Roquette Dissolve Joint Venture

June 24, 2013: 12:00 AM EST
Solazyme, Inc. and Roquette Frères, S.A. announced they have agreed to dissolve their joint venture, Solazyme Roquette Nutritionals, LLC. Expected to be completed in the coming weeks, the termination agreement arose from the disagreement between the parties over commercial strategy and timeline for the manufacture and marketing of joint venture products. After the termination of the joint venture, Solazyme said it intends to speed up the commercialization of its lineup of microalgal food ingredients.
"Microalgae Innovator Solazyme and Global Starch Producer Roquette Agree to Dissolve Joint Venture", Solazyme, June 24, 2013, © Solazyme
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