Joint Venture of Unilever and Genomatica

Unilever and Genomatica announced the launch of a new Joint Venture by investing US 120m dollars to scale sustainable alternatives to palm oil and fossil fuels used for Personal & Home Care applications. For Unilever, this would be the largest investment in biotechnology alternatives to palm oil to date.

As there have been several concerns about the sustainable sourcing and production of palm oil, this investment from Unilever and Geno points in the right direction to produce a sustainable alternative using biotechnological methods.

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