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Marks Unilever’s largest investment in biotechnology alternatives to palm oil to date.
June 16, 2022
By: Christine Esposito
Editor-in-Chief
Unilever and Genomatica (Geno) have launched a new venture to scale and commercialize alternative to palm oil and fossil fuel-derived cleansing ingredients. With growing demand for sustainably-sourced palm oil, this venture aims to deliver additional responsibly sourced palm oil alternatives to the market. With $120 million jointly invested in the newly-formed initiative, and with other strategic investors expected to join, the venture will develop an alternative, plant-based ingredient usin...
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