Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Sustainability

C16 raises funds for palm oil fermentation

by Melody M. Bomgardner
March 7, 2020 | A version of this story appeared in Volume 98, Issue 9

 

The New York City–based start-up C16 Biosciences has raised $20 million in a first round of venture funding from Breakthrough Energy Ventures and others to develop a fermentation-based method for producing palm oil. Palm oil plantations drive tropical deforestation and contribute to climate change. And even after years of sustainability efforts, C16 says, only 20% of the global palm oil market is certified sustainable. The company will use the funds to scale its technology, hire workers, and prepare for a commercial launch.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.