The “name of the game” this year for Solazyme will be scaling up one plant in the United States and another in Brazil, according to Raymond James & Associates, Inc., Analyst Pavel Molchanov. For time being, Molchanov considers Solazyme a bioindustrial company, but he says it could target the fuel market in the future.
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“Solazyme uses an algae technology platform to produce various high value bioindustrials, which includes things like solvents and specialty chemicals and even cosmetics, all using algae technology and with sugar as the raw material,” Molchanov says. “There may be an opportunity for Solazyme in the future to produce fuels, but right now they’re focused on high-value, high-margin products outside of the fuel arena.”
Molchanov says Solazyme’s plants in the United States and Brazil should be coming on line very shortly.
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