This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

U.S. Navy Successfully Tests SoladieselHRD-76® During Operational Transit Voyage In USS Ford Frigate

Solazyme, Inc. (NASDAQ:SZYM), a renewable oil and bioproducts company, announced today that the USS Ford, a U.S. Navy Frigate fleet ship, successfully journeyed from its homeport in Everett, WA to San Diego, CA using Soladiesel HRD-76 ®, Solazyme’s 100% algal derived renewable marine diesel fuel. The voyage was fueled using 25,000 gallons of a 50/50 blend using Soladiesel® and petroleum F-76 in the ship’s LM 2500 diesel turbines, and marks the first demonstration of the alternative fuel blend in an operational fleet ship.

Meeting the secretary of the Navy's call for a drop-in fuel replacement, no changes were required to the infrastructure of the ship or fueling pier for the test. Feedback from the ship’s engineers was favorable; the crew reported that operational performance of the fuel system and gas turbine engines on the 50/50 blend was similar comparable to operations on traditional petroleum F-76.

“The U.S. Navy continues to demonstrate the effectiveness of our fuel in multiple vessels, and we are honored to have the opportunity to assist with efforts to reduce their dependence on fossil fuels,” said Rogerio Manso, Chief Commercialization Officer, Solazyme. “We view these successful tests as an important step towards the commercialization of our renewable fuels.”

Solazyme has successfully completed the delivery of over 500,000 liters of in-specification fuel to the U.S. Navy including the largest deliveries of microbially-derived advanced biofuels in history. In December 2011, Dynamic Fuels, LLC, a joint venture between Tyson Foods, Inc. (NYSE: TSN) and Syntroleum Corporation (NASDAQ: SYNM), announced it had been awarded a contract to supply the U.S. Navy with 450,000 gallons (1.7 million liters) of renewable fuels. Solazyme is partnered with Dynamic Fuels to fulfill the contract, and delivery to the U.S. Navy is scheduled for May 2012, marking the single largest purchase of advanced biofuel in government history.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,994.63 +82.34 0.49%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,773.2150 -17.9370 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs