Solazyme and Bunge Break Ground on Renewable Oils Production Facility in Brazil

Hildo Henz Joins as General Manager of the Joint Venture

Solazyme, a renewable oil and bioproducts company, and Bunge Global Innovation, LLC a global agribusiness and food company, announced today they have broken ground on a 100,000 metric ton renewable oil production facility adjacent to Bunge’s Moema sugarcane mill in Brazil. Construction started on schedule and the plant is targeted to be operational in the fourth quarter of 2013.

Additionally, Hildo Henz, an engineer who has led major refinery projects during his career, has been appointed general manager of the joint venture, formed under the name Solazyme Bunge Produtos Renováveis Ltda.

 “Our joint venture with Solazyme is off to a strong start and we continue to build excitement about the renewable oil product opportunities that will emerge from the partnership. Breaking ground at Moema and adding Hildo as general manager are great indications of our joint commitment to the sugar-to-oils platform and we look forward to continued progress,” said Ben Pearcy, Managing Director of Sugar & Bioenergy and Chief Development Officer, Bunge Limited.

“We are very happy to have broken ground on our Solazyme-Bunge joint venture facility on schedule and are also greatly pleased to have brought Hildo on board to run the JV. Hildo brings an unparalleled level of expertise that will enable successful plant commissioning and operations,” said Jonathan Wolfson, CEO, Solazyme.

Source: Business Wire