date:Oct 10, 2012
s of its algal oil a year, Miguel Oliveira, Bunges executive director of global innovation, said in a telephone interview.
Solazyme expects to achieve gross margins of 30 percent or more, according to its Chief Financial Officer Tyler Painter
Palm-Kernel Oil
The algal oil contains lauric acid, which can be processed into detergents and replaces palm-kernel oil, which sells for as much as $1,800 a ton, Oliveira said. The domestic market for the oil may reach 400,000 tons a year, he said.
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