Crude algae is converted into profitable oil with help of large list of strategic backers.
Crude oil, more directly than money, makes the world go round judging by the list of strategic investors backing the first large-scale bio-oils producer.
Solazyme’s $60m series D round that closed last month came from a consortium comprising music and airlines entrepreneur Sir Richard Branson; Anglo-Dutch consumer goods company Unilever, which makes everything from Magnum ice creams to Dove soap; New York-listed agribusiness and food company Bunge; CTTV Investments, the venture capital arm of oil major Chevron; San-Ei Gen,…
