Solazyme Signs U.S. Department of Defense Contract to Develop Navy Fuels from Algae

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Tue Sep 8, 2009 2:52pm EDT

Contract Signifies Big R&D and Commercialization Leap Forward for Solazyme`s
Renewable Oil Production Platform
SOUTH SAN FRANCISCO, Calif.--(Business Wire)--
Solazyme, Inc., the renewable oil production company and leader in algal
synthetic biology, has been selected by the U.S. Department of Defense (DoD) to
research, develop, and demonstrate commercial scale production of algae-derived
advanced biofuel that meets the United States Navy`s rigorous specifications for
military tactical platforms. Solazyme will utilize its innovative large-scale
algal oil production process to provide renewable F-76 Naval Distillate fuel for
testing and fuel certification to demonstrate it meets all military
specifications and functional requirements. 

The contract will further advance research and development on large scale
advanced biofuel production from algae. It includes both R&D and fuel delivery
components and calls for delivery of over 20,000 gallons of SoladieselF-76
Renewable Naval Distillate fuel to the Navy for compatibility testing over the
next year. F-76 Naval Distillate is similar to diesel fuel and is the primary
shipboard fuel used by the Navy. 

"The fuels made with our algal technology reduce greenhouse gas emissions by
over 85% versus standard petroleum based fuels," said Jonathan Wolfson,
Solazyme`s CEO. "We are honored to be working with the U.S. Navy to develop one
of the world`s newest and cleanest fuels." 

"The Navy, the Defense Energy Support Center, the Defense Logistics Agency and
the entire Department of Defense, have taken a true leadership position in
moving forward to utilize clean and renewable oil production technology to
address both the national energy security needs of our country and the
environmental challenges facing our planet," Wolfson added. 

Solazyme`s technology will help the DoD reduce its carbon footprint, combat
global climate change and lead in the development of clean and renewable energy
sources. Reducing our dependence on foreign oil is a national security
imperative, and Solazyme`s technology focuses on producing an abundant, domestic
and renewable source for oil and fuels. Solazyme has already produced
SoladieselF-76 that has been delivered to the Department of Defense for initial
testing and has met the Navy`s F-76 specification. This program will lead to the
eventual certification of SoladieselF-76 Naval distillate for commercial sale to
the U.S. Military. 

About Solazyme:

Solazyme, Inc. is a renewable oil and bioproducts company and the leader in
algal biotechnology. Founded in 2003 and headquartered in South San Francisco,
Solazyme`s unique technology allows algae to produce oil and biomaterials in
standard fermentation facilities quickly, efficiently and at large scale. These
natural oils and biomaterials are tailored not only for fuel production, but
also as replacements for fossil-derived petroleum and a variety of natural plant
oils and compounds, making them useful in a wide range of products: from
oleochemicals, to cosmetics, to foods. Solazyme`s oils and fuels provide
compelling solutions to increasingly complex issues of fuel scarcity, energy
security and environmental impact while fitting cleanly into the pre-existing
multi-trillion dollar fuel infrastructure. Solazyme`s investors include Braemar
Energy Ventures, Harris & Harris Group, Lightspeed Venture Partners, Roda Group,
and Vantage Point Venture Partners. For more information, please visit our
website: http://www.solazyme.com. 





Blue Line Strategic Communications
David Di Martino, 202-280-6770 (Media, Washington, D.C. )
DD@BlueLineSC.com
or
Solazyme Inc.
Genet Garamendi, 650-963-5228 (Media, California)
ggaramendi@solazyme.com
or
Peppercom
Leah Hardesty, 415-633-3204 (Media, California)
lhardesty@peppercom.com

Copyright Business Wire 2009

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