Solazyme, Inc., and Imperium Renewables, Inc. Enter Into a Biodiesel Feedstock Development Agreement

Jun 06, 2007, 01:00 ET from Solazyme, Inc.

    SOUTH SAN FRANCISCO, Calif. and SEATTLE, June 6 /PRNewswire/ --
 Solazyme, Inc. and Imperium Renewables, Inc. announced that they have
 entered into a biodiesel feedstock development agreement in which Solazyme
 will generate algal oil for Imperium's biodiesel production process. Under
 the agreement Solazyme will grow its proprietary strains of microalgae,
 extract the oil, and deliver it to Imperium. Imperium will convert the
 feedstock oil using its proprietary technology into biodiesel fuel in its
 Seattle plant.
     Harrison Dillon, Solazyme's Chief Executive Officer commented:
 "Imperium has publicly expressed interest in the opportunity for algal
 derived biodiesel for some time and we are pleased to work with them to
 make this a reality. This agreement not only demonstrates Imperium's vision
 to seek out new and innovative sources of biodiesel feedstock but it also
 provides validation of demand for alternative sources of biodiesel
 feedstock as well as for our technology. Imperium's talented team and
 excellent technology made them an obvious choice to work with."
     Jerry Fiddler, Solazyme's Chairman added, "The technology is much
 farther along than most people realize. Our energy future includes algae
 which will serve as a biodiesel feedstock of increasing importance.
 Solazyme's technology and approach to biodiesel feedstock production is
 both advanced and commercially realistic, and has real advantages over
 alternative approaches. We are excited about its positive impact on global
 warming and energy security."
     About Solazyme
     Founded in 2003 and headquartered in South San Francisco, California,
 Solazyme is a leading biotechnology company focused on the engineering and
 optimization of algae for production of biofuels and health and wellness
 materials. Solazyme recently closed a Series B financing round allowing for
 a significant expansion of its biofuel program.
     About Imperium Renewables
     Imperium Renewables is a leader in the renewable energy industry.
 Headquartered in Seattle, Washington, Imperium Renewables currently
 operates a 5 million gallon per year nameplate capacity production facility
 through its subsidiary, Seattle Biodiesel, and is currently the largest
 producer of biodiesel on the West Coast. The Company is constructing a 100
 million gallon per year nameplate capacity production facility in Grays
 Harbor, Washington that is scheduled to open in July 2007.
     For Imperium Renewables:
     John Williams, Scoville PR
     For Solazyme, Inc.:
     Matthew Frome
     Director of Business Development

SOURCE Solazyme, Inc.