Solazyme (SZYM) and Bunge Global Innovation, a wholly-owned subsidiary of Bunge (BG) announced they have broken ground on a 100,000 metric ton renewable oil production facility adjacent to Bunge's Moema sugarcane mill in Brazil. Construction started on schedule and the plant is targeted to be operational in the fourth quarter of 2013. Additionally, Hildo Henz has been appointed General Manager of the joint venture, which was formed in April and will operate under the name Solazyme Bunge Produtos Renovaveis Ltda.
America has no tolerance for wealthy people griping about their financial woes. But they have concerns too.