During the corresponding time, Terravia Holdings, Inc. sequentially revenue fell by -6.56 %. While revenue at the Terravia Holdings, Inc.'s corporate clients
Terravia Holdings's Comment on Sales, Marketing and Customers
Bunge. Since 2011, we have entered multiple Joint Development Agreements (JDAs)
with Bunge to jointly develop microbe-derived oils, biomass, and explore the production
of such oils and biomass from Brazilian sugarcane feedstock.
Unilever. In March 2016, we entered into a multi-year global supply agreement
with Unilever, which includes a broad portfolio of our algae oils for Unilever
to purchase for use in personal care products. Production of these oils will
take place at the SB Oils JV plant in Brazil and pricing terms are based upon
variable production cost plus a defined contribution margin. The agreement contains
certain minimum and maximum sales volumes and is subject to other terms and
conditions.
Mitsui. We have an agreement with Mitsui & Co., Ltd. (Mitsui) relating
to triglyceride oils for use primarily in the oleochemical industry. End use
applications may include renewable, high-performance lubricants and other industrial
products.
AkzoNobel. In May 2013, we entered into a joint development agreement with
AkzoNobel targeting the development and commercial sales of triglyceride oils
for use by AkzoNobel. Product development efforts began in the second half of
2013, and in July 2014 we entered into a research and development plan with
AkzoNobel which extends through June 2017.
Tengram Capital Partners. In August 2016, we sold a majority interest in our
Algenist® business to Tengram Capital Partners. TerraVia retained an ownership
interest in Algenist of approximately 20% and expect to continue to supply ingredients
formulated in the Algenist product line.
Terravia Holdings’s Comment on Sales, Marketing and Customers
Bunge. Since 2011, we have entered multiple Joint Development Agreements (JDAs)
with Bunge to jointly develop microbe-derived oils, biomass, and explore the production
of such oils and biomass from Brazilian sugarcane feedstock.
Unilever. In March 2016, we entered into a multi-year global supply agreement
with Unilever, which includes a broad portfolio of our algae oils for Unilever
to purchase for use in personal care products. Production of these oils will
take place at the SB Oils JV plant in Brazil and pricing terms are based upon
variable production cost plus a defined contribution margin. The agreement contains
certain minimum and maximum sales volumes and is subject to other terms and
conditions.
Mitsui. We have an agreement with Mitsui & Co., Ltd. (Mitsui) relating
to triglyceride oils for use primarily in the oleochemical industry. End use
applications may include renewable, high-performance lubricants and other industrial
products.
AkzoNobel. In May 2013, we entered into a joint development agreement with
AkzoNobel targeting the development and commercial sales of triglyceride oils
for use by AkzoNobel. Product development efforts began in the second half of
2013, and in July 2014 we entered into a research and development plan with
AkzoNobel which extends through June 2017.
Tengram Capital Partners. In August 2016, we sold a majority interest in our
Algenist® business to Tengram Capital Partners. TerraVia retained an ownership
interest in Algenist of approximately 20% and expect to continue to supply ingredients
formulated in the Algenist product line.
Sources:
Terravia Holdings, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Terravia Holdings, Inc.’s corporate clients.
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