July 31, 2014 / 8:10 AM / 3 years ago

BRIEF-Solazyme, AkzoNobel expand partnership in surface chemistry

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July 31 (Reuters) - Akzo Nobel Nv :

* Solazyme and AkzoNobel expand partnership in surface chemistry

* Agreement includes joint product development and principal terms of a multi-year supply agreement targeting annual supply of up to 10,000 mt of Algal oil for surfactant production

* The parties expect that the Algal oil under the joint development agreement would be able to replace both petroleum and palm oil-derived chemicals

* Product development is expected to commence immediately

* Parties anticipate entering into a definitive supply agreement as they near completion of product development Further company coverage:

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