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Solazyme renamed Terravia to focus on food and nutrition
Mar. 18, 2016
Solazyme recently announced it is focusing exclusively on food, nutrition and specialty ingredients, harnessing the power of its algae innovation platform and adopting a new name.
The evolution leverages more than a decade of research and development and product development on an innovative suite of algae-based food, nutrition and specialty ingredients, as well as extensive investment in building manufacturing facilities, obtaining regulatory approvals and commercializing initial products.
With these foundational elements in place, the company said it is positioned to create value and impact in the rapidly growing plant-based food, nutrition and specialty ingredient sectors. Solazyme will be renamed TerraVia to reflect the refined focus.
TerraVia's portfolio of ingredients and products include:
* Specialty Food Ingredients, including AlgaVia Whole Algae ingredients (lipid-rich powder and protein) and AlgaWise Algae Oils (cooking and high-stability oils);
* Consumer Food Products, where the company will leverage its unique ingredients to incubate select consumer brands, including Thrive Culinary Algae Oil;
* Animal Nutrition Ingredients, a new area for the company, with initial products and partnerships to be announced soon, and
* Specialty Personal Care Ingredients, including AlgaPur Oils, which are marketed and sold alongside food ingredients and for which the company has major customers, such as Unilever.
Source: Solazyme
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