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Solazyme Bunge Renewable Oils Joint Venture Receives Funding Approval From Brazilian Development Bank

2013-01-16 22:52:00| chemicalonline News Articles

Solazyme, Inc. (“Solazyme”), a renewable oil and bioproducts company, announced recently that Solazyme Bunge Renewable Oils, its joint venture with Bunge Global Innovation LLC, a wholly-owned subsidiary of Bunge Limited , has received approval for project financing in the form of a loan from the Brazilian Development Bank (BNDES) of R$245,699,000 (or approximately USD$120million based on the current exchange rate)

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