Unilever and Genomatica launch a venture to scale alternative plant-based ingredients
Type of post: NEWS IN BRIEF.
Unilever and Genomatica have launched a venture to scale and commercialise alternatives to palm oil and fossil fuel-derived cleansing ingredients. These are integral to the formulations of thousands of everyday cleaning and personal care products. With growing demand for sustainably-sourced palm oil, this venture aims to deliver additional responsibly sourced palm oil alternatives to the market.
Press release: "Unilever and Geno launch $120m venture to scale alternative ingredients", 16/06/2022.
With $120m jointly invested in the newly-formed initiative, and with other strategic investors expected to join, the venture will develop an alternative, plant-based ingredient using biotechnology. The innovation is particularly relevant to cleaning and personal care products that require ingredients to lather and lift dirt. But at present, there are few viable alternatives to palm and fossil sources that can be produced at scale in order to make those ingredients.
Genomatica will deploy its proven biotechnology platform and is already starting to scale the process for its advanced technology to produce the ingredients. Initial estimates have shown that companies could reduce the carbon footprint of palm-derived ingredients by up to 50% with this technology-driven, plant-based alternative.