Recent successes and massive potential have guided Solazyme to focus their work exclusively on algae-based food, nutrition and specialty ingredients. Their new name, TerraVia, literally meaning by way of the earth, is an affirmation of commitment to products that capitalize on nature’s bounty.
TerraVia plans to redefine the future of food by creating products that are healthful, taste great and maintain the highest degree of sustainability. With a decade of R&D into algae-based food products and extensive investment into manufacturing capabilities, the company predicts a speedy ascent in their industry.
Already, the company has secured $28 million in investments and is including new leaders like Irene Chang Britt, former president of Pepperidge Farms, to deepen their industry expertise.
“By unlocking the power of algae, the mother of all plants and earth’s original superfood, we are bringing much-needed innovation in food and nutrition,” said Jonathan Wolfson, the Company’s co-founder and CEO.
The company will group its fuel and industrial oil businesses under the name Solazyme Industrials. Though Solazyme Industrials will not be part of TerraVia, they will continue to seek strategic options for these valuable businesses in the coming year.
For more information, see the official press release here.