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Startup brewing waste to replace palm oil gets Gates Foundation cash
The Gates Foundation pumps millions into C16 Biosciences, the Y Combinator-backed company fermenting palm oil alternatives.
Using yeast and agriculturally derived feedstocks, C16 already brews an alternative to the seed oil for use in beauty products, under the name Palmless. With the new funds, the startup will develop new oil recipes for use in food, utilizing both “waste stream feedstocks and non-agriculturally derived feedstocks,” C16 co-founder and CEO Shara Ticku told TechCrunch. “To expand on the latter,” the co-founder added in an intriguing hypothetical, “this may include utilizing feedstocks derived directly from carbon capture.”
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