Renewable oil group Solazyme adds Bunge to strategic backers Chevron and San-Ei Gen.
Bunge, a New York-listed agribusiness and food company, has joined strategic peers in backing Solazyme’s $51.6m series D round revealed earlier in the month.
Solazyme uses bacteria fermentation to produce renewable oil that can be used for fuel, chemicals, food ingredients and soap from sugar, while Bunge is one of the world’s largest originators and distributors of vegetable oils and one of the largest sugarcane processing companies in Brazil. Jonathan Wolfson, chief executive and co-founder of Solazyme, said: "Solazyme’s…
