The Dutch biotechnology company NoPalm Ingredients has received 5 million euros in a seed financing round to further develop its sustainable palm oil alternative. Using an innovative fermentation technology, NoPalm produces yeast oils from agricultural by-products that can replace conventional palm oil. According to the company, NoPalm oils are an ideal drop-in replacement for palm oil, as no change in formulation is required and price parity is achieved. The financing will be used to scale up production. Further information ...