Unilever to buy algal oil from Solazyme for use in personal care products

09/26/2013 | New York Times (tiered subscription model), The

Unilever will buy about 3 million gallons algae-derived oil from Solazyme over a span of 12 to 18 months to use in its personal care products, company officials said. The deal is part of Unilever's effort to be more environmentally friendly and use only sustainable raw materials by 2020. The deal is a big step for Solazyme, as "this is the first oil that was jointly developed that's going to a product sale," said Solazyme CEO Jonathan Wolfson.

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