On the GreenBeat: Unilever invests in Solazyme, Frito Lay launches electric trucks

Unilever joined biofuel company Solazyme’s fourth round of financing as a strategic investor, Solazyme announced yesterday. The companies already share an R&D agreement: Solazyme’s oils are already used in Unilever’s Lux soap, with the plans to incorporate more renewable oils into its personal care products, such as algal oil, a substitute for palm oil. Solazyme announced last month that they had raised $52 million in fourth-round fundraising, with Chevron Technology Ventures and agribusiness leader … Continue Reading