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Calyxt teams up to develop a soya bean-based commercial alternative to palm oil

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Calyxt, a plant-based biotechnology company, has joined hands with an unnamed Asian Manufacturer to introduce a soya bean-based commercial alternative to palm oil. This partnership would help Calyxt generate approximately $35 million for the company. Palm oil has been questioned for sustainability reasons as its extraction results in deforestation, climate change, habitat degradation, and animal cruelty. Although big names like Nestle, General Mills, and Unilever are committed to bringing sustainable changes in the food industry, the issues surrounding palm oil remained unaddressed.

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Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

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