Companies to kick-off month-long market pilot program on advanced biofuels
REDWOOD CITY, Calif. (November 12, 2012) – Beginning at a kickoff event Tuesday, November 13th, Propel Fuels (www.propelfuels.com), a leading retailer of renewable fuels and clean mobility solutions, and Solazyme, Inc. (NASDAQ: SZYM), a renewable oil and bioproducts company, are bringing algae-derived fuel to retail pumps for what we believe to be the first time in history. The two leading renewable fuel brands have come together to offer Solazyme’s algae-based Soladiesel®BD to drivers through Propel’s Bay Area network of retail renewable fuel locations. The month-long pilot program provides the industry’s first opportunity to test consumer response to this advanced renewable fuel.
Matt Horton, CEO, Propel Fuels; Bob Ames, Vice President of Fuels, Solazyme, other special guests; fleet customers, including: Regional Clean Cities chapters, Tesla Motors, Green Planet Productions, Junk King (Green Hauling) and Regional Public Works Departments
Kickoff Event with Historic “First Fills” with Algae-Derived Biodiesel B20 & Vehicle Caravan. Company and government officials will provide remarks at this modern, visually striking station; participate in ceremonial algae-derived fuel first fill-ups for several of California’s Greenest Fleets, both private and state owned.
Propel Clean Fuel Point
503 Whipple Ave, Redwood City, 94063 (at the Valero station)
Tuesday, November 13, 2012, 10:30 a.m.
For the first time in the nation, Propel & Solazyme are offering a new choice to California drivers: premium quality, low carbon, algae-derived biodiesel for their vehicles. In four markets across the Bay Area, drivers will be able to choose Propel B20 biodiesel made from Solazyme’s 100% algae-derived Soladiesel®BD.
Food and refreshments will be served and t-shirts, bumper stickers, etc. will be given out throughout the day
Headquartered in Redwood City, California, Propel Fuels builds and operates a network of green-built filling stations providing convenient access to American, low carbon fuels and clean mobility solutions. The company offers consumers and fleets new fuel choices that make progress toward reducing carbon emissions, creating jobs, and lowering America’s dependence on foreign oil. Propel has also developed CleanDrive®, the nation’s first integrated carbon emission reduction tracking platform, and is the only fueling company in the country to enable drivers to offset their emissions at the pump through their CarbonOffset program. Propel operates a growing network of locations providing cleaner mobility options in California and Washington State. More information is available at www.propelfuels.com and by following Propel on Twitter at: @PropelFuels.
About Solazyme, Inc.
Solazyme, Inc. (NASDAQ: SZYM) is a renewable oil and bioproducts company that transforms a range of low-cost plant-based sugars into high-value oils. Headquartered in South San Francisco, Solazyme’s renewable products can replace or enhance oils derived from the world’s three existing sources – petroleum, plants and animal fats. Initially, Solazyme is focused on commercializing its products into three target markets: (1) fuels and chemicals, (2) nutrition and (3) skin and personal care.
Solazyme®, the Solazyme logo and other trademarks or service names are trademarks of Solazyme, Inc.
This press release contains certain forward-looking statements about Solazyme, including statements that involve risks and uncertainties concerning: its fuel commercialization plans; the speed and efficiency of its production process; the anticipated demand for its products and its ability to supply such demand; the attributes of its products and the future performance and sustainability of its products. When used in this press release, the words “will”, “expects”, “intends” and other similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Solazyme, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Potential risks and uncertainties include, among others: implementation risk in deploying new technologies; Solazyme’s limited history in commercializing products; market acceptance of its products; its limited experience in constructing and operating commercial manufacturing facilities; its ability to obtain requisite regulatory approvals; its ability to enter into and maintain strategic collaborations; and its access, on favorable terms, to any required financing. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Solazyme.
In addition, please refer to the documents that Solazyme files with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q, for a discussion of these and other risks. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Solazyme is not under any duty to update any of the information in this press release.
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Companies to Kick-off Month-long market pilot program on advanced biofuels
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