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Kao's investment adds to Geno's previously announced $120M venture with Unilever and increases the production capability of the palm kernel oil alternative. It is also a significant step toward achieving Geno's goal to reduce greenhouse gases by 100 million tons in upcoming years. Kao's more than 130 years of expertise in the consumer products and chemical industries deepens the venture's global reach and impact

Kao Joins Geno as Founding Member of $120M+ Venture to Globally Scale Palm Oil Alternative

Today, sustainable materials leader Genomatica ( Geno) welcomes global consumer products and chemical company Kao Corporation to its venture to scale and commercialize plant-based alternatives to palm kernel oil, joining Unilever as a founding member. member. In addition, Geno's technology also offers alternatives to fossil fuel-based ingredient sources

By AP News
Published - Sep 29, 2022, 02:05 AM ET
Last Updated - Jun 26, 2024, 12:56 AM EDT
  • Venture will strengthen supply chain resiliency in the $625B home and personal care markets by providing additional, responsibly sourced palm oil alternatives to the market
  • Initiative deploys Geno's proven biotechnology platform, builds on the sustainable materials leader's tradition of innovation
  • Companies could reduce the carbon footprint of palm-derived ingredients by up to 50% with Geno's technology-driven, plant-based alternative to meet rising consumer demand for more sustainable products
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