Feedstock from food waste

Feedstock from food waste

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Feedstock from food waste
Feedstock from food waste
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Deliver biotechnologies to produce proteins for feed from food waste.

Expected Impact

Close the loop in food production and provide an environmentally beneficial alternative for food wastes.

How is this information gathered?
Updated: 18 Jul, 2021 Date of Production: 1 Sep, 2020
South Africa
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
R11.5 billion can be unlocked per year through waste diversion.
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Sustainable Cities and Communities (SDG 11) Responsible Consumption and Production (SDG 12)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Climate Action (SDG 13) Life Below Water (SDG 14) Life on Land (SDG 15)

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Sector Sources
  • 1) South African Government (2019). South Africa Voluntary National Review: Empowering people and ensuring inclusiveness and equality. https://sustainabledevelopment.un.org/content/documents/23402RSA_Voluntary_National_Review_Report___The_Final_24_July_2019.pdf 2) Statistics South Africa (2019). Sustainable Development Goals: Country Report 2019 - South Africa. http://www.statssa.gov.za/MDG/SDGs_Country_Report_2019_South_Africa.pdf 3) Statistics South Africa (2019). Towards measuring the extent of food security in South Africa. http://www.statssa.gov.za/publications/03-00-14/03-00-142017.pdf 4) Business for South Africa (2020). Post COVID-19: A new inclusive economic future for South Africa – Delivering an accelerated economic recovery strategy. 5) Deloitte (2020). How COVID-19 has affected South African Grocery Retail Consumer Sentiment: Consumer insights pre- and during lockdown. https://www2.deloitte.com/content/dam/Deloitte/za/Documents/za_Deloitte_BrandsEye_Consumer-Sentiment-report_May%202020.pdf 6) Nakedi, L. (2020). Project Steering Committee Meeting. April 30 2020. 7) Kushke, I.(2020). Sustainable Agriculture Market Intelligence Report. https://www.greencape.co.za/assets/AGRICULTURE_MARKET_INTELLIGENCE_REPORT_WEB.pdf
IOA Sources
  • 8) AgriProtein (2020). AgriProtein. https://www.agriprotein.com/ 9) Ajila, C.M., Brar, S.K., Verma, M., Tyagi, R.D., Godbout, S. and Valero, J.R. (2012). 'Bio-processing of agro-byproducts to animal feed', Critical Reviews in Biotechnology, 32(4), 382-400. https://www.tandfonline.com/doi/abs/10.3109/07388551.2012.659172?src=recsys&journalCode=ibty20 10) GreenCape (2020). Waste Market Intelligence Report. https://www.greencape.co.za/assets/WASTE_MIR_20200331.pdf 11) Inseco (2020). Inseco. https://inseco.co.za/ 12) Department of Environmental Affairs (2011). National Waste Management Strategy. https://www.environment.gov.za/sites/default/files/docs/nationalwaste_management_strategy.pdf 13) Franchise Association of South Africa (2019). Tackling South Africa’s food waste problem. https://www.fasa.co.za/tackling-south-africas-food-waste-problem/ 14) Food and Agriculture Organization of the United Nations (2020). Food Loss and Food Waste. http://www.fao.org/policy-support/policy-themes/food-loss-food-waste/en/ 15) Kubanza, S. and Simatele, M.D. (2019). 'Sustainable solid waste management in developing countries: a study of institutional strengthening for solid waste management in Johannesburg, South Africa' Journal of Environmental Planning and Management, 63(1), 1-14. https://www.researchgate.net/publication/332261392 16) AgriProtein (2018). USD 105 million raise for sustainable feed firm. https://www.agriprotein.com/press-articles/usd-105-million-raise-for-sustainable-feed-firm/ 17) IMPAKT Africa (2017). Value Creation Through ESG. https://kudosafrica.com//assets/KudosAfrica_ImpaktAfricaMag_Dec2017.pdf 18) Statistics South Africa (2019). Sustainable Development Goals: Country Report 2019 - South Africa. http://www.statssa.gov.za/MDG/SDGs_Country_Report_2019_South_Africa.pdf 19) MDPI: Historical Review of Waste Management and Recycling in South Africa. 2017. https://www.mdpi.com/2079-9276/6/4/57 20) Vice, M.A.P., Emery, R.C. and Wise, C.C. (2014). The diversion and beneficiation of organic waste from landfill in the Western Cape. IWMSA. https://iwmsa.co.za/sites/default/files/downloads/vice+m-diversion+and+beneficiation+of+organic+waste+from+landfill+inal_approved.pdf 21) Western Cape Government. Western Cape Integrated Waste Management Plan 2017-2022. https://www.westerncape.gov.za/eadp/files/atoms/files/Western%20Cape%20Integrated%20Waste%20Management%20Plan%202017-2022.pdf 22) Nolet, S. (2017). The Opportunities and Challenges of Insect Farming for Feed. https://agfundernews.com/opportunities-challenges-insect-farming-feed.html 23) Kwan, T.H., Pleissner, D., Lau, K.Y., Venus, J., Pommeret, A., and Sze Ki Lin, C. (2015). 'Techno-economic analysis of a food waste valorization process via microalgae cultivation and co-production of plasticizer, lactic acid and animal feed from algal biomass and food waste', Bioresource Technology, 198. www-sciencedirect-com.uplib.idm.oclc.org/science/article/pii/S0960852415012717 24) Cristobal, J., Caldeira, C., Corrado, S., and Sala, S. (2018). 'Techno-economic and profitability analysis of food waste biorefineries at European level', Bioresource Technology, 259. www.sciencedirect.com/science/article/pii/S0960852418303547 25) United Nations Development Programme (2020). South Africa Report 2020: Covid-19 Rapid Emergency Needs Assessment for the Most Vulnerable Groups. https://www.za.undp.org/content/south_africa/en/home/library/rapid-emergency-needs-assessment.html