• Plant-based plastic and textile fiber manufacturer Genomatica and Unilever have jointly invested USD 120 million to launch a joint venture (JV) for the commercialization of plant-based alternatives to palm oil and fossil fuel-based cleansing ingredients. 

• The JV will use Genomatica’s biotechnology platform to develop a plant-based feedstock alternative for application in the home and personal care market. The feedstock will be used to produce bio-based cleaning and personal care products that can lather and lift dirt. 

• Based on initial estimates, companies can reportedly reduce their carbon footprint by using Genomatica’s bio-based feedstocks (50% use). Genomatica also reported that it is starting to scale up the biotechnology process to produce plant-based feedstocks. 

• For Unilever, this is reportedly its largest investment in bio-based alternatives to palm-oil and fossil fuel-based feedstocks. The JV is also expected to support Unilever in diversifying its supply chains and offer its customers sustainable alternatives. 

<ul><li> Analyst QuickTake: The JV with Unilever is the latest addition to Genomatica’s efforts to commercialize its bio-based products across various industries. Previously, the company partnered with leading companies such as Asahi Kasei , Covestro, and Cargill for applications in the chemical industry; Lululemon and Aquafil for apparel; and Novomont for packaging.</ul>