Unilever and Kao are part of the initiative working to develop, scale and commercialize biotech-based ingredient alternatives for cosmetics.
Geno is among the most the most powerful biotech start-ups, based in San Diego — a hotbed of biotech innovation, explained Barbara Lavernos, L’Oréal deputy chief executive officer in charge of research, innovation and technology.
With L’Oréal, the venture’s findings will help contribute to making sustainable alternatives to various surfactants, which in cosmetics are used for effects such as cleansing, foaming, thickening and emulsifying. It’s “coopetition,” where competitors join forces, rather than traditional “competition,” explained Lavernos. She said due to the environmental challenges planet Earth faces, it’s key that companies band together in the changeover to green sciences, using a large platform.
By 2030, the company aims to have wholly eco-designed formulas that respect aquatic ecosystems and 95 percent of the company’s ingredients stemming from renewable plant-based resources or abundant minerals.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
In An Effort To Become A Battery Powerhouse, VW Invests In Mines | CarscoopsVolkswagen is going straight to the source in its efforts to become a major player in the battery game
Read more »
Stellantis invests 200 million euros to produce Fiat cars in AlgeriaCarmaker Stellantis will spend more than 200 million euros ($213.32 million) to manufacture four Fiat models in Algeria, it said on Sunday.
Read more »
Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix.DwfLabs is making a $20 million investment in on-chain liquidity and derivatives trading protocol synthetix_io. By JamieCrawleyCD.
Read more »
Zack Snyder is making an RPG that’s on a “ridiculous scale”Zack Snyder is making an RPG that’s on a 'ridiculous scale'
Read more »
Petra Nova is being revived. Can it live up to its carbon capture promise?Petra Nova, the first commercial-scale carbon capture facility to be affixed to a power...
Read more »
Russia's Melitopol move 'acknowledgement' it won't achieve key aim: U.K.Russian authorities declared control over Melitopol within two days of the full-scale invasion beginning in February 2022.
Read more »