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TerraVia
TerraVia Holdings, Inc. (formerly Solazyme) was a publicly held biotechnology company in the United States. TerraVia used proprietary technology to transform a range of low-cost plant-based sugars into high-value oils and whole algae ingredients. TerraVia supplied a variety of sustainable algae-based food ingredients to a number of brands, which included Hormel Food Corporation, Utz Quality Foods Inc and enjoy Life Foods. TerraVia also sold its own culinary algae oil under the Thrive Algae Oil brand. In 2017, the firm declared bankruptcy.
Solazyme, Inc., was founded on 31 March 2003, with the mission of utilizing microalgae to create a renewable source of energy and transportation fuels. Founders Jonathan S. Wolfson and Harrison Dillon, who met while attending Emory University, started the company in a garage in Palo Alto. Regarding their partnership, Dillon said: "Neither of us wanted to go work for some giant organization where we were a tiny cog in a huge wheel. We wanted to make a difference and create something that had never existed before.”
In 2013 Dillon announced his decision to step down from his full-time position as CTO and member of the Board of Directors of Solazyme and shift to a long-term consulting role focused on further developing the breadth of the technology platform and advising on intellectual property strategy.
Wolfson continued on as chairman and CEO of Solazyme until August 2016 when he stepped down from management while he stayed on the board.
TerraVia appointed Apu Mody, former president of Mars Food America, as new CEO and a member of the board of directors, in August 2016.
In 2004 and 2005, Solazyme began development of an algal molecular biology platform, identified and initiated a platform for microalgae-based oil production. The company then expanded focus on skin and personal care products.
Solazyme used a technique to grow microalgae, which allows the production process to be extremely efficient in terms of cost, scale, time, and sustainability. In contrast to common open pond and photo bioreactor approaches, TerraVia grows microalgae in the dark, inside huge stainless-steel containers.
In September 2007, Solazyme received a $2 million grant from the National Institute of Standards and Technology, signed a joint development agreement with Chevron through its division Chevron Technology Ventures, began operating in commercially sized standard industrial fermentation equipment (75,000-liter scale), worked with a third party refiner to demonstrate the compatibility of the oil with standard refining equipment, and produced over 400 liters of microalgae-based oils.
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TerraVia
TerraVia Holdings, Inc. (formerly Solazyme) was a publicly held biotechnology company in the United States. TerraVia used proprietary technology to transform a range of low-cost plant-based sugars into high-value oils and whole algae ingredients. TerraVia supplied a variety of sustainable algae-based food ingredients to a number of brands, which included Hormel Food Corporation, Utz Quality Foods Inc and enjoy Life Foods. TerraVia also sold its own culinary algae oil under the Thrive Algae Oil brand. In 2017, the firm declared bankruptcy.
Solazyme, Inc., was founded on 31 March 2003, with the mission of utilizing microalgae to create a renewable source of energy and transportation fuels. Founders Jonathan S. Wolfson and Harrison Dillon, who met while attending Emory University, started the company in a garage in Palo Alto. Regarding their partnership, Dillon said: "Neither of us wanted to go work for some giant organization where we were a tiny cog in a huge wheel. We wanted to make a difference and create something that had never existed before.”
In 2013 Dillon announced his decision to step down from his full-time position as CTO and member of the Board of Directors of Solazyme and shift to a long-term consulting role focused on further developing the breadth of the technology platform and advising on intellectual property strategy.
Wolfson continued on as chairman and CEO of Solazyme until August 2016 when he stepped down from management while he stayed on the board.
TerraVia appointed Apu Mody, former president of Mars Food America, as new CEO and a member of the board of directors, in August 2016.
In 2004 and 2005, Solazyme began development of an algal molecular biology platform, identified and initiated a platform for microalgae-based oil production. The company then expanded focus on skin and personal care products.
Solazyme used a technique to grow microalgae, which allows the production process to be extremely efficient in terms of cost, scale, time, and sustainability. In contrast to common open pond and photo bioreactor approaches, TerraVia grows microalgae in the dark, inside huge stainless-steel containers.
In September 2007, Solazyme received a $2 million grant from the National Institute of Standards and Technology, signed a joint development agreement with Chevron through its division Chevron Technology Ventures, began operating in commercially sized standard industrial fermentation equipment (75,000-liter scale), worked with a third party refiner to demonstrate the compatibility of the oil with standard refining equipment, and produced over 400 liters of microalgae-based oils.