Unilever and Genomatica team up to hunt for palm oil alternative

Unilever and Genomatica team up to hunt for palm oil alternative

THE WHAT? Unilever and Genomatica have launched a US$120 million venture to scale and commercialize alternatives to palm oil and fossil fuel-derived cleansing ingredients.

THE DETAILS The joint initiative is expected to attract other strategic investors and will develop an alternative plant-based ingredient using biotechnology, aimed at the cleaning and personal care industries in particular.  

THE WHY? With sustainable palm oil in high demand, a responsibly sourced alternative would provide supply chain security for Unilever and help it meet its ESG goals. As Unilever’s Chief R&D Officer Richard Slater, said, “Biotechnology has the potential to revolutionise the sourcing of our cleansing ingredients and ensure Unilever is a future-fit business – for consumers, shareholders and the planet we all share. This new venture will sit at the intersection of science and sustainability, meaning we can continue to grow our business without relying only on palm oil or fossil fuel derivatives, while also making our supply chains more resilient from having access to ingredient alternatives.”

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