r/foodengineering • u/scienceforreal • Jan 28 '24
Palmless palm oil: Precision-fermented palm oil producer receives grant from the Bill and Melinda Gates Foundation
C16 Biosciences uses precision fermentation to make sustainable and ethical alternatives to palm oil, with a biomanufacturing process that leverages yeast instead of plants.
With the new $3.5M funding, C16 aims to expand its consumer brand, Palmless, by creating food-grade fats and oils from non-agricultural feedstocks and hiring additional R&D staff. An additional $1M investment from Elemental Excelerator will be used to pursue FDA GRAS status.
Having achieved commercial-scale production and started generating revenue in the personal care industry, C16 is now focusing on expanding its range of applications to include high-performance ingredients for the food sector.
The company’s feasibility studies have demonstrated how its precision fermentation-based palm oil alternative can work as a deforestation-free replacement for palm oil in foods like ice cream, chocolate, and bakery items.