Geno and Unilever launch $120m venture to scale alternative to palm oil and fossil fuels

 

• Using Geno's cutting-edge biotechnology, the venture aims to commercialize and scale plant-based alternatives to feedstocks like palm oil or fossil fuels, to make key ingredients used in everyday cleaning and personal care products.
• Unilever's investment, which is the first to support the venture, also marks the company's largest collaboration in biotechnology alternatives to palm oil to date.
• The venture is poised to offer a highly effective and sustainable alternative that can be offered to the combined $625b¹ home and personal care markets.

https://www.biospace.com/article/releases/geno-and-unilever-launch-120m-venture-to-scale-alternative-to-palm-oil-and-fossil-fuels/