Telegraph.co.uk | Bank of England backs palm oil to replace animal fat in plastic £20 note Telegraph.co.uk Launching a public consultation on how future plastic banknotes should be made, the Bank estimated that using palm oil instead of tallow would add around £5m to production costs over the next 10 years of around £300m. It said palm oil offered a "mature ... Bank of England considers palm oil for the new £20 note Bank mulls palm oil not fat for new £20 notes Bank of England to Replace Animal Fat with Palm Oil in New £20 Notes |