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Agronomics Ltd on Friday said investee Clean Food Group Ltd has received approval for its Clean Oil 25 product to be used as a cosmetic ingredient in the UK, Europe and the US. Agronomics is an Isle of Man-based investor in cellular agriculture, and Clean Food is a food tech manufacturer of sustainable oils and fats for the food, cosmetic and pet food industries. Agronomics has invested a total of £1.6 million into Clean Food, which is currently carried at £6.9 million and represents around 4.8% of Agronomics’s net asset value as of June 30. Clean Oil 25 offers a sustainable alternative to traditional oil and fat ingredients, and was developed in collaboration with Croda International PLC and THG Labs, the research, development and manufacturing arm of THG Beauty. Agronomics said the approval marked a ‘significant milestone’ in the commercialisation of Clean Foods’s Clean OilCell technology platform, which is focused on the personal care and cosmetics sector and is projected by Modor Intelligence to grow to more than $776.35 billion by 2030. ‘Palm oil is used in around 70% of cosmetic products, and it remains one of the leading drivers of tropical deforestation. For decades, the beauty industry has faced a difficult challenge, aware of the damage caused by palm oil, but unable to replace it due to its unique properties. Today, that changes,’ said Agronomics Executive Chair Jim Mellon. ‘With this new regulatory approval, Clean Food Group is demonstrating the huge potential of biotech innovation and its ability to develop and scale a sustainable alternative that not only reduces environmental impact but also shortens and secures supply chains. This is a major step forward for the industry and the planet, and a clear signal of how clean food technologies can lead the way to a better future.’ Shares in Agronomics closed up 2.9% at 7.00 pence in London on Friday afternoon. The stock has risen 27% over the past year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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