Solazyme, Inc. and Dow Form an Alliance for the Development of Micro Algae-Derived Oils for Use in Bio-Based Dielectric Insulating Fluids

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Solazyme, Inc., a leading renewable oils and bioproducts company, announced today the execution of both a joint development agreement (JDA) and a letter of intent (LOI) with The Dow Chemical Company (NYSE: DOW) to advance the development of Solazyme’s algal oils for use in next generation, bio-based dielectric insulating fluids key to transformers and other electrical applications.