Solazyme (SZYM) announces a deal to produce its renewable oils at Archer Daniels Midland's (ADM)...

|By:, SA News Editor

Solazyme (SZYM) announces a deal to produce its renewable oils at Archer Daniels Midland's (ADM) Iowa advanced fermentation plant. Initial production targets will be 20K metric tons in 2014, to increase to 100K in subsequent years. Also, a new JV with Bunge (BG) aims to expand renewable oil production capacity at its Brazil plant to 300K metric tons by 2016. (Q3 earnings)