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NoPalm Ingredients and the EIC Accelerator: Palm Oil From Whey

September 30, 2026925 words5 min

NoPalm Ingredients, founded in Wageningen in 2021 by chief executive Lars Langhout and Professor Jeroen Hugenholtz, grows non-GMO oil-producing yeasts on agri-food side streams such as whey permeate and potato peels to make fats that it says can replace palm and other tropical oils without reformulating recipes. Its EIC Accelerator project receives an EU contribution of €2,499,999 and ran from April 2024 to March 2026, according to CORDIS. The goal was to demonstrate scalability: a robust process on one feedstock, maintained performance at industrial scale, and customer application trials confirming price parity with existing oils.

In the first year, the report says, NoPalm narrowed its focus with its main investors to a single process, turning a dairy side stream into a semi-solid fat, made the process robust against variations in milk-based feedstock, scaled it to 400 litres in-house and 5,000 litres at an external facility "while still maintaining the required productivity", and made its "first 100,000+L production attempt", according to CORDIS. In September 2025 the Belgian dairy cooperative Milcobel agreed to supply whey permeate to NoPalm's first demonstration facility in the Netherlands, "set to start operations in 2026", and to study a commercial plant at its Langemark site, targeted for 2028, according to NoPalm Ingredients.

100,000+ LFirst industrial fermentation attempt
1,200 tPlanned demo factory output a year
€5MSeed round, 2024
2028Earliest commercial plant target

Company file

Legal entity
NoPalm Ingredients BV, Wageningen
Founded
2021
Founders
Lars Langhout (CEO), Jeroen Hugenholtz (CTO)
Seed investors
Rubio Impact Ventures, Oost NL, Fairtree Elevant Ventures, Willow Capital, RVO
Partners
NIZO (demo site, Ede), Milcobel (feedstock)
Product
Yeast oils and fats, including Revoleo
EIC funding
Blended finance, €2.5M grant

Where NoPalm Stands Now

NoPalm's demonstration factory is at NIZO's Food Innovation Campus in Ede. In September 2025 the company said production there would begin in the second half of 2026, rising over time to about 1,200 tonnes of oil a year, and that it was raising a Series A to build and run it, "complemented by grant funding and partner contributions", according to AgFunderNews. No Series A close or start of production has been announced. Its Dutch accounts were not accessible in free sources.

"Making oil is easy. Making it cheap is not."

Jeroen Hugenholtz, CTO and co-founder, September 2026

The Technology: Yeast That Stores Fat

Oil-producing yeasts "have been documented for decades", Hugenholtz writes. NoPalm feeds them cheap side streams and uses what it calls low-capex equipment, which Hugenholtz argues decides whether fermented fats can compete on price, according to NoPalm Ingredients. The oil is extracted from the yeast biomass; the EIC work used the first large batches to select drying and extraction equipment for the demo factory. The company claims 90% lower CO₂ emissions and 99% less land use than palm oil.

What the EIC Award Promised, and What the Record Shows

The project has ended; the public report covers only its first year. Scale-up to industrial volumes is documented. Price parity is asserted by the company, based on customer feedback, but no figures are public, and no named customers have announced commercial purchases. The demo factory that would supply them was not producing when the project ended.

  1. Robust process on one feedstockDeliveredDairy side stream.
  2. Industrial-scale performanceShown5,000 L, 100,000+ L.
  3. Price parity confirmedUnverifiedCompany claim.
  4. Customers establishedTrialsNone named publicly.

The Money

NoPalm's €5 million seed round in July 2024 was led by Rubio Impact Ventures, co-led by Oost NL, Fairtree Elevant Ventures and Willow Capital Investments, with the Netherlands Enterprise Agency, according to NoPalm Ingredients. The award was blended finance; no EIC Fund investment has been announced.

What Cannot Be Checked

Questions for the EIC

Whether the EIC Fund invested, whether the Series A closed, whether the demo factory has started, what the oil costs per tonne against palm oil, and who the paying customers are are not public.

Why Europe Should Care

NoPalm pitches its fat as a local alternative to imported palm oil, which the EU deforestation regulation now covers, and has published its own commentary on that rule. By its CTO's own account, matching palm oil's price is the hardest part.

What the award promised

Proven scalability, customers and price parity for a palm oil alternative.

What the record shows

Industrial batches and a supply deal; demo factory and parity unproven.

The Verdict

Scaled up, not yet selling

NoPalm has shown the process works in big tanks. It now has to show it can sell oil at palm oil prices.

NoPalm Ingredients and the EIC have not been asked for comment for this article. It is based entirely on public records and published statements, linked throughout.

Industry

AgrifoodFood and nutrition

Focus
  • Fats and oils
Technologies
  • Microbial fermentation
Keywords
  • Palm oil replacement
  • Oleaginous yeast
  • Food side-streams
  • Whey permeate

Start with the EIC Accelerator

Expert review for Step 1 and Step 2, suitability assessment and grant screening.

Eureka Network

Eureka Network offers multiple international collaborative R&D programs including Network Projects, Clusters, Eurostars, Globalstars, and Innowwide, with funding ranging from €50K to €6.75M per project depending on the specific program. The network focuses on market-driven innovation and deep-tech development across diverse technology sectors including ICT/Digital, Industrial/Manufacturing, Bio/Medical Technologies, Energy/Environment, Quantum, AI, and Circular Economy. Applicants include SMEs, large enterprises, research organizations, universities, and startups, with Eurostars specifically targeting R&D-performing SMEs.

EIC Transition

EIC Transition provides up to €2.5 million in funding to bridge the 'valley of death' between laboratory research and market deployment, focusing on technology maturation and validation. The program supports single legal entities or small consortia of 2-5 partners including SMEs, start-ups, spin-offs, and research organizations. Technology areas include Health/Medical Technologies, Green/Environmental Innovation, Digital/Microelectronics, Quantum Technologies, and AI/Robotics.

EIC STEP Scale-Up

EIC STEP Scale-Up offers substantial equity investments of €10-30 million for established deep-tech companies ready for hyper-growth and large-scale expansion. The program targets SMEs or small mid-caps with up to 499 employees who have secured pre-commitment from qualified investors. Focus areas include Digital & Deep Tech (Semiconductors, AI, Quantum), Clean Technologies for Net-Zero goals, and Biotechnologies.

EIC Pre-Accelerator

EIC Pre-Accelerator is a pilot program providing €300,000-€500,000 in funding for early-stage deep-tech development and preparation for the EIC Accelerator program. The initiative is exclusively available to single SMEs or small mid-caps from 'Widening countries' to support regional innovation development. The program covers deep-tech innovations across physical, biological, and digital domains.

EIC Advanced Innovation Challenges

EIC Advanced Innovation Challenges is a new pilot program offering €300,000 (Stage 1) and up to €2.5 million (Stage 2) for breakthrough deep-tech solutions through ARPA-style staged funding with demand-side integration. The program targets single entities or small consortia (2-3 partners) including SMEs, start-ups, and research organizations. Focus areas include Physical AI for autonomous robotics and New Approach Methodologies (NAMs) for animal-free biomedical testing, requiring TRL 4 entry with end-user commitment.

EIC Pathfinder

EIC Pathfinder offers up to €3 million for Open calls and up to €4 million for Challenge-based calls to support early-stage research and development with proof-of-principle validation. The program requires research consortia with a minimum of 3 partners from 3 different countries, including universities, research organizations, and SMEs. Technology focus areas include Health/Medical, Quantum Technologies, AI, Environmental/Energy, and Advanced Materials.

EIC Accelerator

EIC Accelerator provides flexible funding options including blended finance (€2.5M grant + €0.5M-€10M equity), grant-only (up to €2.5M), or equity-only arrangements for scale-up and market deployment of breakthrough innovations. The program targets SMEs, start-ups, and small mid-caps with up to 499 employees, with MedTech/Healthcare representing 35% of funded projects. Other technology areas include Biopharma, Energy, AI, Quantum, Aerospace, Advanced Materials, and Semiconductors.

Innovation Partnership

Innovation Partnership facilitates collaborative innovation between public and private sectors with typical funding of €1-5 million per project. The program supports cross-sectoral strategic technologies through public-private partnerships and consortia. Projects focus on addressing societal challenges through collaborative innovation approaches.

Innovation Fund

The EU Innovation Fund provides substantial funding of €7.5 million to €300 million for large-scale demonstration of innovative low-carbon technologies. The program targets clean energy, carbon capture, renewable energy, and energy storage technologies to accelerate the transition to a low-carbon economy. Applicants include large companies, consortia, and public entities capable of implementing large-scale demonstration projects.

Innovate UK

Innovate UK offers various programs with funding ranging from £25K to £10M depending on the specific initiative, supporting business-led innovation, collaborative R&D, and knowledge transfer. The organization funds projects across all sectors with particular focus on emerging technologies and supports UK-based businesses, research organizations, and universities. Programs are designed to drive economic growth through innovation and technology commercialization.

Industrial Partnership

Industrial Partnership provides €2-10 million in funding for industrial research and innovation partnerships focusing on manufacturing, industrial technologies, and digital transformation. The program supports industrial consortia and research organizations in developing collaborative solutions for industrial challenges. Projects aim to strengthen European industrial competitiveness through strategic partnerships.

Eurostars

Eurostars is a joint EU-Eureka program offering €50K-€500K for international R&D collaboration specifically led by SMEs. The program takes a bottom-up approach, accepting projects from all technology fields without predefined thematic restrictions. R&D-performing SMEs must lead the consortium and demonstrate significant R&D activities.

LIFE Programme

The LIFE Programme provides €1-10 million in funding for environmental protection, climate action, and nature conservation projects across the European Union. The program supports environmental technologies, climate adaptation strategies, and biodiversity conservation initiatives. Applicants include public authorities, private companies, NGOs, and research institutions working on environmental and climate challenges.

Neotec

Neotec is a Spanish program offering €250K-€1M in funding for technology-based business creation and development, supporting the growth of innovative Spanish SMEs and start-ups. The program covers all technology sectors and aims to strengthen Spain's technology ecosystem. Funding is specifically targeted at Spanish technology-based SMEs and start-ups to enhance their competitiveness and market presence.

Thematic Priorities

EU Thematic Priorities encompass various programs aligned with EU strategic priorities including green transition, digital transformation, health, and security initiatives. Funding amounts vary based on the specific program and call requirements, with projects designed to address key European challenges. Applicant eligibility varies by specific program and call, with different requirements for different thematic areas.
EIC AcceleratorBeneficiary Deep Dive#NoPalm Ingredients#palm oil alternative#fermentation#upcycling#foodtech#Netherlands
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