Solazyme Bunge Renewable Oils, a joint venture between Solazyme, Inc. (NASDAQ:SZYM) and Bunge Global Innovation LLC, a division of Bunge Limited (NYSE:BG), provided an update on engineering activities at the production facility in Orindiuva, Brazil.

Bunge and Solazyme Bunge Renewable Oils have successfully completed two key power and steam redundancy improvement projects including the construction and activation of an electrical grid tie-in, and the tie-in and activation of a second steam boiler. These projects were completed within the previously provided timeline and are now operational. Solazyme Bunge Renewable Oils will continue to evaluate the performance of these projects and may take additional actions in the future to further improve power and steam reliability if necessary.

“We are pleased with the significant work Bunge and the partners have undertaken to improve power and steam reliability,” said Walfredo Linhares, General Manager of Solazyme Bunge Renewable Oils. “We continue to make progress as we optimize manufacturing operations with modest production volumes in the near term, and will then move toward ramping production as overall capability allows.”

About Solazyme, Inc.

Solazyme, Inc. develops and sells high-performance oils and ingredients that are better for people and better for the planet. Starting with microalgae, the world's original oil producer, Solazyme creates innovative, sustainable, high-performance products. These include renewable oils and ingredients that serve as the foundation for healthier foods; high-performance industrial products; unique home and personal care solutions; and more sustainable fuels. Headquartered in South San Francisco, Solazyme's mission is to solve some of the world's biggest problems with one of the world's smallest and earliest life forms: microalgae. For additional information, please visit Solazyme's website at www.solazyme.com.

Solazyme® and the Solazyme logo are trademarks of Solazyme, Inc.

About Bunge Limited

Bunge Limited (www.bunge.com) is a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.

Forward Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that involve risks and uncertainties concerning: the ability of the power and steam projects to provide redundancy; the future performance and reliability of the electrical and steam systems at the facility; and the anticipated production performance at the facility. 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 within the meaning of the Private Securities Litigation Reform Act of 1995. Any such statement may be influenced by a variety of factors, many of which are beyond the control of the companies, 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: limited operating history; limited history commercializing products; implementation risk in deploying new technologies; limited experience in constructing, ramping up and operating commercial manufacturing facilities; delays related to start-up and ramp-up of production facilities; and availability of consistent, reliable power and steam. 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.

In addition, please refer to the documents that Solazyme, Inc. files with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q, as updated from time to time, 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.