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Biobased Chemicals

L’Oréal invests in Genomatica venture

by Matt Blois
March 25, 2023 | A version of this story appeared in Volume 101, Issue 10
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People in lab coats and goggles look at objects near some scientific instruments.
Credit: Genomatica
Genomatica is developing biotech routes to several consumer product chemicals and materials.

L’Oréal is investing an undisclosed sum in a joint venture led by Genomatica and hopes to use the firm’s biotech products as replacements for traditional ingredients. Genomatica and Unilever launched the JV in June 2022 with a joint investment worth $120 million, describing the project as an effort to develop palm oil alternatives. The chemical company Kao joined the venture later that year. L’Oréal aims to source 95% of its ingredients from renewable or abundant sources by 2030.

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