Unilever Targets Sustainable Palm Oil Alternative With $120m Biotech Deal

Unilever PLC partners with biotechnology company Genomatica to fund and scale plant-based alternatives to palm oil for personal care and cleaning products.

Unilever PLC is jointly investing $120m with San Diego, CA-based biotech firm Genomatica, Inc. to fund and scale plant-based alternatives to palm oil and fossil fuel-derived cleaning ingredients.

The effort is “particularly relevant to cleaning and personal care products that require ingredients to lather and lift dirt. But...

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