Just weeks prior to the start of IFT2013, both parties that had comprised the joint venture, Solazyme Roquette Nutritionals, LLC, announced they had agreed to dissolve their joint venture.
According to reports, the joint venture was terminated due to differing opinions on the manufacturing and marketing of the joint products.
Solazyme, which began as a renewable oil and bioproducts company, turns plant-based sugars into oils and other food ingredients. Roquette, which has 80 years as an ingredient supplier to food and beverage companies, has similar plant-based ingredients.
Together, Solazyme and Roquette sought out to manufacture a microalgae-based food ingredient. They called the high-lipid and high-protein products Almagine HL and Almagine HP, respectively. With the dissolution of the joint venture, Almagine is no more; however, both companies appear to be working on similar algae-based products.
Food manufacturers wanting to use a microalgae-based ingredient can choose. Both Roquette and Solazyme claim their high lipid and high protein products provide nutrition and health benefits without giving up texture.
We'll be reporting in the future more specifics about the new product line. Continue to watch FoodProcessing.com