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L’Oréal invests in biotech ingredient maker Genomatica

L’Oréal has invested in Genomatica, a US developer of biotechnology-based alternatives to critical ingredients in cosmetic formulations.

As a result of the investment, Genomatica will deploy its proven biotechnology platform, using proprietary engineered microorganisms to ferment plant sugars that produce ingredients to make sustainable surfactants.

These new ingredients will be used in a range of L'Oréal's products, marking an essential step towards L’Oréal’s goals of 100% eco-designed formulas that respect the diversity of aquatic ecosystems and 95% of ingredients from renewable plant-based sources or abundant minerals by 2030.

L’Oréal joins Unilever and Kao in investing in San Diego-based Genomatica. Financial details of the transaction were not disclosed.

“Welcoming L’Oréal to this incredible team of global brand heavyweights signifies just how important and urgent the need is for traceable, resilient and sustainable materials, at scale,” said Genomatica chief executive Christophe Schilling.

“This partnership will further catapult our venture’s mission to the global scale required to meet strong market demand for sustainable products,” he added.

Barbara Lavernos, deputy chief executive officer in charge of research, innovation and technology for L’Oréal, said: “We are thrilled to partner with Geno, whose unique approach to developing alternative biotechnology-based ingredients perfectly aligns with our vision of a more sustainable future.

“By working together with other beauty players, we can leverage our collective expertise and resources wherever our collective efforts can have a meaningful purpose”.

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Upcoming Events

in-cosmetics Korea 2023

Hall C, Coex, Seoul, South Korea
12 - 14 July 2023

IFSCC 2023

Barcelona International Convention Centre
4 - 7 September

in-cosmetics Latin America 2023

Expo Center Norte, Sao Paulo
27 - 28 September

Cosmetorium 2023

Palau de Congressos de Barcelona
18 - 19 October

California Chapter Suppliers’ Day 2023

Long Beach Convention Center
25 - 26 October

SEPAWA 2023

Estrel Congress Center, Berlin
25 - 27 October

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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