The company plans to open a plant in 2014 at an ADM facility in Iowa. It will also triple the planned output from an existing venture with Bunge, according to e-mailed statements today from South San Francisco, California-based Solazyme.
The ADM plant will produce 20,000 metric tons of oil in 2014, and may eventually expand to 100,000 tons a year. Bunge and Solazyme are building a plant in Brazil that will be able to make 100,000 tons a year starting in the fourth quarter of 2013, and Bunge will use the same technology to generate a total of as much as 300,000 tons a year at multiple facilities by 2016.
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