SZYM - Big news, plant in Brazil starts up!

This is big news for them. A lot of people were worried about delays in the plant starting up. Clearly there is nothing wrong.


Announced that its joint venture with Bunge has successfully produced its first commercially saleable products on full-scale production lines, including the 625,000L fermentation tanks, at the Solazyme Bunge Renewable Oils plant in Brazil. Both oil and encapsulated lubricant, Encapso, products have been manufactured; production is continuing and is expected to reach nameplate capacity within the next 12-18 months.

With production underway at the Solazyme Bunge Renewable Oils plant, Solazyme is manufacturing products at three large scale facilities, including our 2,000 MT/year integrated facility in Peoria, the 20,000 MT/year Iowa facilities in Clinton/Galva and the 100,000 MT/year facility in Brazil. Continued progress at the recently completed adjoining co-gen facility has resulted in more reliable power and steam, enabling startup of commercial operations. We are truly excited to have begun manufacturing operations at our joint venture flagship facility in Brazil.


Fantastic news! It’s up 14% pre-market.