Wednesday, March 10, 2010, 9:31am PST | Modified: March 10, 2010, 9:31 AM

Solazyme and Unilever collaborate on algae-based products (Silicon Valley)

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Solazyme Inc. said Wednesday it signed a research and development agreement with Unilever to develop oil derived from algae for use in soaps and other personal care products.

The agreement follows the culmination of a yearlong collaboration between South San Francisco-based Solazyme and Unilever, which has headquarters in Rotterdam and the UK.

Financial terms of the deal were not disclosed.

Read the full post in the Silicon Valley/San Jose Business Journal.