ALGAE OIL (Cosmetics for Unilever)

Brand Names
Lux soaps
Current Status
ON THE MARKET
Company
Corporate Partners
Uses and Applications
Engineered Organism
Further Notes
In another lipids-based news, TerraVia (formerly called Solazyme) has signed a definitive five-year global supply agreement with Unilever for the purchase of TerraVia’s algae oils for use in personal care products. Unilever began incorporating the algae oils into its Lux brands since 2014, which are being produced and delivered routinely to Unilever from the Solazyme Bunge Renewable Oils facility in Brazil. The new supply agreement includes a broad portfolio of oils for use in Unilever’s personal care products. Pricing terms will be based upon variable production costs plus a defined contribution margin. Oils purchased under this new supply agreement are expected to represent a total revenue of more than $200 million over the term of the agreement.
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