Solazyme wins big with $57M for renewable oil
June 9th, 2009
Solazyme , producer of renewable oil derived from algae, just raised $57 million in third-round funding to bring its total capital to more than $76 million . In addition to producing so-called green fuels, the San Bruno, Calif. company is expanding its eco-friendly chemicals business — an increasingly common move for companies in the biofuel space.It is also exploring nutritional and cosmetics opportunities. The bulk of …
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