The growing demand for palm oil from Malaysia and other equatorial tropical regions is destroying the habitat for thousands of unique mammal, plant and other species. The oil palm has very high yields, but as it is currently produced in large monoculture plantations, it destroys vast amounts of tropical forests – particularly in Southeast Asia – where Indonesia and Malaysia produce 85% of the world’s supply. Palm oil is used in hundreds of consumer products ranging from ice cream to pizza dough, margarine, cookies, cosmetics and biodiesel.
The market for refined, bleached and deodorized (RBD) palm oil continues to grow rapidly. In 2022, the US is projected to import 1.67 million metric tons of palm oil with an estimated cost of more than $2 billion. US imports of palm oil increased in cost by 80% percent from $282 million to $509 million through the first three months of 2022 when compared to a year ago.
We have created Yoil™, a renewable sustainable drop-in replacement for palm oil. Yoil™ is made by a novel yeast fermentation. It is equivalent to imported palm oil that has been refined, bleached, and deodorized, but it does not destroy tropical forests. It is clean, odorless, and can be used directly in food or cosmetic products.