'Xylome,' a biotechnology company based out of Wisconsin, USA, has begun large-scale testing of 'Yoil' a yeast-based palm oil alternative. The palm oil industry contributes to a large amount of deforestation each year, leading to there being a very real societal demand for a sustainable alternative. Yoil, according to Xylome and early testers, is nearly identical to palm oil in its mouthfeel and taste.
Yoil is made from yeast as opposed to tree oils, making its production far more sustainable for the environment. On top of this, palm oils need to be bleached as part of their refinement process, while Yoil does not. This means that Yoil potentially carries less harmful chemicals within it than existing alternatives. Yoil has not yet been FDA approved, but Xylome has sent out testing samples to brands and factories for preliminary partnership building.
Yeast-Based Oil Alternatives
'Xylome' Has Created 'Yoil' as a Sustainable Alternative to Palm Oil
Trend Themes
1. Sustainable Oil Alternatives - There is an opportunity for biotechnology companies to develop sustainable alternatives to industries that rely heavily on oils that contribute to deforestation.
2. Yeast-based Products - The use of yeast as a base for alternative products offers a more sustainable and ethical option for consumers concerned with environmental impact.
3. Chemical-free Refineries - Innovative companies that can develop refining processes that eliminate the need for harsh chemicals, such as bleach, have the opportunity to gain a competitive edge in the market for more sustainable alternatives.
Industry Implications
1. Food and Beverage - Innovative alternatives like 'Yoil' can be introduced to the Food and Beverage industry as a palm oil replacement without sacrificing product quality.
2. Beauty and Personal Care - The Beauty and Personal Care industry stands to benefit from innovative alternative oils, as environmentally-conscious consumers seek out safer and more sustainable alternatives in their cosmetics and skincare products.
3. Industrial Chemicals - Companies that rely on palm oil and other unsustainable oils for the production of industrial chemicals have an opportunity to embrace alternatives like 'Yoil' that are more environmentally-friendly and ethical.