$ cat ./records/breakthrough-energy-ventures-backs-c16-biosciences-to-replace-def-2020.txt
Breakthrough Energy Ventures Backs C16 Biosciences to Replace Deforestation-Linked Palm Oil
[RECORD.TXT] · cat --full
Breakthrough Energy Ventures led a $20 million investment in C16 Biosciences, a New York startup producing synthetic palm oil through precision fermentation of food waste. Conventional palm oil production is one of the leading drivers of tropical deforestation — responsible for an estimated 8 percent of global forest loss between 1990 and 2008 — and is used in roughly half of all packaged consumer products. C16's fermentation process requires no agricultural land and produces an oil with an equivalent fatty acid profile to conventional palm, targeting a $60 billion global market.
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