Last $11.21 USD
Change Today -0.23 / -2.01%
Volume 732.6K
SZYM On Other Exchanges
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NASDAQ GS
Berlin
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

225 Gateway Boulevard

South San Francisco, CA 94080

United States

Phone: 650-780-4777

Fax: 650-989-6700

Solazyme, Inc. produces and sells renewable oil for chemicals and fuels, nutrition, and skin and personal care markets. Its proprietary technology transforms a range of plant-based sugars into oils, as well as allows producing and selling specialty bioproducts from the protein, fiber, and other compounds produced by microalgae. Products The company is focused on producing oils and bioproducts that the company intends to sell into three target markets: chemicals and fuels, nutrition, and skin and personal care. The company’s platform also allows the company to produce and sell bioproducts that may be used in the specialty ingredients markets. Chemicals and Fuels In the chemicals and fuels markets, products derived from its oils offer drop-in replacements for marine, motor vehicle and jet fuels, as well as replacements for petrochemicals, oleochemicals and functional fluids. Chemicals The company’s tailored oils platform enables replacement and enhancement of petroleum-, plant-, or animal-derived oils that are used as raw materials for the chemicals industry. The company’s technology allows the company to optimize oil profiles with different carbon chain lengths, saturation levels and functional groups. This tool kit allows the company to modify important functional characteristics such as melting points, oxidative stability and viscosity. The company focuses its oils for the chemicals markets in three distinct targets: Oleochemicals consist of chemical products in the home and personal care industries, such as surfactants/ detergents, soaps, cosmetics, and others. These products are derived from petroleum, natural gas, and conventional triglyceride oils. Natural gas products, such as ethylene oxide, and petrochemical derivatives such as white oils, are produced in industrial refining facilities. Conventional triglyceride oils derived from plants and animals are processed through various oleochemical manufacturing steps, such as fatty acid splitting, fatty alcohol production, esterification, and others. Functional Fluids span a range of non-fuel industrial applications, such as lubricants, heat transfer fluids, such as antifreeze and dielectric fluids, defoamers, solvents, and drying agents. Home and Personal Care spans a range of consumer products goods, including bar and liquid soaps, fabric softeners, laundry detergents, white oils and cleaning agents that are developed from renewable oils. In February 2013, the company entered into a multi-year agreement with Mitsui & Co. to jointly develop a suite of triglyceride oils for use primarily in the oleochemical industry. The agreement includes further development of its high myristic algal oil, a raw material in the oleochemical industry, as well as additional oils that the company is in the process of developing for the oleochemical and industrial sectors. In May 2012, the company and The Dow Chemical Company entered into a Phase 2 Joint Development Agreement (Phase 2 JDA), an extension of the original exclusive joint development agreement related to dielectric insulating fluids. In addition, the company is in the second year of a multi-year joint development agreement with Conopco, Inc. d/b/a Unilever, which also incorporates initial terms of a commercial supply agreement. Fuels The company intends to focus on diesel and jet fuel markets. Its initial commercial focus is to sell its oils to refiners that would process and blend its oils to meet specifications for the desired fuel. The company’s oils are modified to meet refiner requirements and can be optimized according to refining processes. In addition to selling its oils to refiners, the company can manufacture the fuel end product directly by contracting or partnering with refiners. The company works with its refining partners Honeywell UOP and Dynamic Fuels, LLC to produce SoladieselRD (renewable diesel), HRF-76 renewable diesel for U.S. Naval vessels, and Solajet renewable jet fuel for both military testing and commercial application demonstrations. Nutrition The company’s microalgae-based food ingredients enhance the nutritional profile and functionality of food products.

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SZYM

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Valuation SZYM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 19.3x
Price/Book 5.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 14.8x
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