SAN DIEGO and TOKYO, Sept. 29, 2022 /PRNewswire/ -- 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.
- With growing global demand for sustainably sourced palm oil, this venture will strengthen supply chain resiliency in the $652B home and personal care industries and increase the global supply of responsibly sourced palm oil alternatives to the market.
- Kao's investment adds to Geno's previously announced $120M venture with Unilever and increases the production capability of the palm kernel oil alternative.
- "We're excited to welcome Kao as a founding member to our palm kernel oil alternative venture along with Unilever.
- To drive sustainable development and contribute toward the building of a resource-circulating society, Kao will continue to undertake responsible, sustainable palm oil procurement.