Roquette Frères, Solazyme agree to dissolve microalgae joint venture
Global starch producer Roquette Frères, S.A., Lestrem, France, announced today that Solazyme Roquette Nutritionals, LLC, a 50-50 joint venture formed with Solazyme Inc., San Francisco, in 2010 will be dissolved. Solazyme Roquette Nutritionals, also located in San Francisco, 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.