Solazyme, which wants to turn algae into transportation fuel, has signed a contract to supply oils to Imperium Renewables, a growing biodiesel refiner.
Under the deal, Solazyme will deliver algae oil to Imperium, which will then turn it into biodiesel. Imperium makes biodiesel from a number of plant oils. Solazyme is currently only delivering "pilot scale" amounts of oil, said Solazyme president Jonathan Wolfson, but the production is real.
"We will be delivering agreed upon quantities to Imperium over 2007," he said. "In addition, we are producing algal oil today and have been for some … Read more