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Soladiesel® Algae-Based Fuel Drives Successful Consumer Trial at Propel Fuels Locations



  Soladiesel® Algae-Based Fuel Drives Successful Consumer Trial at Propel
  Fuels Locations

Sales and survey results reveal driver preference for algae-based Soladiesel®
over conventional fuels; Sales increase 35 percent at participating test sites
                         vs. non-participating sites

Business Wire

SOUTH SAN FRANCISCO, Calif. -- March 5, 2013

Propel Fuels (www.propelfuels.com), a leading retailer of renewable fuels and
clean mobility solutions, and Solazyme, Inc. (NASDAQ: SZYM), a renewable oils
and bioproducts company, today announced that sales and survey results from
their 30-day retail pilot program show consumers prefer its environmental
benefits compared to conventional fuels; would purchase more of it if it was
widely available and would even pay a premium for it. The pilot program, which
marked the first commercial availability of algal derived fuels, offered
Soladiesel[BD] in a B20 blend to consumers through Propel’s Clean Fuel Points
in Redwood City, San Jose, Berkeley, and Oakland.

In the consumer survey, 92 percent of participants noted that they would be
more likely to purchase algae-derived fuel for its environmental benefits; 70
percent indicated that they would purchase the fuel more frequently if it were
derived from algae; and nearly 40 percent of customers indicated they would
pay a premium for algae-derived fuel.

Sales results reflected the enthusiasm indicated by the survey, with a 35
percent volume increase at Propel stations offering the algae-derived fuel
over area sites not participating in the pilot.

“Our fuels have already been successfully demonstrated in fleet vehicles,
corporate buses, military applications and the first U.S. commercial flight on
biofuel,” said Bob Ames, VP of Fuels, Solazyme. “The successful pilot program
with Propel further exhibits strong consumer appetite for the superior
performance and environmental properties of Soladiesel.”

Solazyme’s high quality algae-based Soladiesel[BD] meets or exceeds ASTM
quality specifications and has shown performance enhancements including
superior cold temperature operating performance and environmental benefits.
Life Cycle Associates, an independent greenhouse gas measurement firm,
determined that Soladiesel® provides an 85-93% greenhouse gas emissions
reduction when compared to conventional petroleum-based diesel. In addition,
testing by the National Renewable Energy Laboratory (NREL) indicates that in a
20 percent blend, Soladiesel[BD] significantly outperforms ultra-low sulfur
diesel in total hydrocarbons (THC), carbon monoxide (CO) and particulate
matter tailpipe emissions. This includes an approximate 30 percent reduction
in particulates, a 20 percent reduction in CO and an approximate 10 percent
reduction in THC.

“Propel is committed to providing drivers true choice at the pump by bringing
to market the world’s highest quality and most sustainable fuels,” said Matt
Horton, CEO of Propel Fuels. “The results show strong preference for
algae-based fuel, and we are thrilled to have partnered with Solazyme to
enable our customers to be the first in the country to purchase this next
generation biofuel.”

About Propel

Headquartered in Redwood City, California, Propel Fuels operates a network of
green-built filling stations providing convenient access to American,
low-carbon fuels and clean mobility solutions. The company offers consumers
and fleets new fuel choices that make progress toward reducing carbon
emissions, creating jobs, and lowering America’s dependence on foreign oil.
Propel has also developed CleanDrive®, the nation’s first integrated carbon
emission reduction tracking platform, and is the only fueling company in the
country to enable drivers to offset their emissions at the pump through their
CarbonOffset program. Propel operates a growing network of locations in
California and Washington State. More information is available at
www.propelfuels.com and by following Propel on Twitter at: @PropelFuels.

About Solazyme, Inc.

Solazyme, Inc. (NASDAQ: SZYM) is a renewable oil and bioproducts company that
transforms a range of low-cost plant-based sugars into high-value oils.
Headquartered in South San Francisco, Solazyme’s renewable products can
replace or enhance oils derived from the world’s three existing sources –
petroleum, plants and animal fats. Initially, Solazyme is focused on
commercializing its products into three target markets: (1) fuels and
chemicals, (2) nutrition and (3) skin and personal care.

Solazyme®, the Solazyme logo and other trademarks or service names are
trademarks of Solazyme, Inc.

This press release contains certain forward-looking statements about Solazyme,
including statements that involve risks and uncertainties concerning: the
future attributes of Solazyme fuel and the benefits of use thereof; and the
future behavior of consumers based on survey results. When used in this press
release, the words "will", "expects", "intends" and other similar expressions
and any other statements that are not historical facts are intended to
identify those assertions as forward-looking statements. Any such statement
may be influenced by a variety of factors, many of which are beyond the
control of Solazyme, that could cause actual outcomes and results to be
materially different from those projected, described, expressed or implied in
this press release due to a number of risks and uncertainties. Potential risks
and uncertainties include, among others: Solazyme's limited history in
commercializing products; implementation risk in deploying new technologies;
market acceptance of its products; and its ability to enter into and maintain
strategic collaborations. Accordingly, no assurances can be given that any of
the events anticipated by the forward-looking statements will transpire or
occur, or if any of them do so, what impact they will have on the results of
operations or financial condition of Solazyme.

In addition, please refer to the documents that Solazyme, Inc. files with the
Securities and Exchange Commission, including its Current Reports on Form 8-K
and its Quarterly Reports on Form 10-Q for a discussion of these and other
risks. You are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date of this press release. Solazyme is
not under any duty to update any of the information in this press release.

Contact:

Propel Fuels
Scoville PR for Propel Fuels
Jaime Quick, 206-229-5183
or
Solazyme, Inc.
Genet Garamendi
VP of Communications
Press@solazyme.com
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