06.25.13
The 50/50 joint venture between established in 2010 between starch producer Roquette, Lestrem, France, and Solazyme, Inc., San Francisco, CA, has been dissolved. The partnership under Solazyme Roquette Nutritionals sought to commercialize microalgae-sourced, nutrition-focused ingredients. The decision to terminate the joint venture was driven by divergent views on commercialization targets for Solazyme Roquette Nutritionals.
Roquette plans to independently continue with the development of non-genetically modified, microalgae-sourced ingredients for nutritional applications. According to the company, they have invested significant resources in the commercialization of the microalgae-based food ingredients and remains committed to meeting market demands, while aligning the timing of its market launch and financial resources with its overall business objectives.
Roquette plans to independently continue with the development of non-genetically modified, microalgae-sourced ingredients for nutritional applications. According to the company, they have invested significant resources in the commercialization of the microalgae-based food ingredients and remains committed to meeting market demands, while aligning the timing of its market launch and financial resources with its overall business objectives.
