Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Solazyme Gains on Start of Commercial Output at Brazil Plant

Don't Miss Out —
Follow us on:

May 29 (Bloomberg) -- Solazyme Inc., a California-based producer of renewable oils from algae, surged the most in four months after beginning commercial-scale production at a plant it owns with Bunge Ltd. in Brazil.

Solazyme climbed 7.2 percent to $10.44 at the close in New York, the most since Jan. 31.

The company is producing both oil and lubricants at its plant in Moema, Brazil, which is expected to reach full capacity of 100,000 metric tons per year within the next 12 to 18 months, according to a statement today.

Production in Brazil was delayed into the current quarter after Solazyme had said in November it expected to start in the first three months of 2014.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Stephen Cunningham

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.