Business Models for a Circular Bioeconomy - #CircularBioeconomy James Gaffey @Guinness Enterprise Centre, Ireland 12/04/2018 - from Agriforvalor
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Business Models for a Circular Bioeconomy
#CircularBioeconomy
James Gaffey
@Guinness Enterprise Centre, Ireland 12/04/2018
IT Tralee | James Gaffey | James.Gaffey@staff.ittralee.ie | +353 (0)66 714 4253
This project has received funding from the European Union’s Horizon 2020 research and innovation 1 programme under grant agreement No 696394
Business as usual won’t work – New Business Models
SDGs and Paris Agreement -
Business-as-usual will not work Business as usual simply cannot
…change the existing economic continue..the circular economy
model…These global agreements is one of the few viable and
give a mandate to change our scalable growth models that can
existing economic model to one radically improve resource
which includes natural capital in productivity to reverse current
the way we advance societal trends…Accenture, 2015
wellbeing.
One necessary element in this
change is the move to a circular
bioeconomy
EFI, 2017
An important objective of the bioeconomy is to move Ireland beyond simply a
target compliance and carbon mitigation focus to integrating sustainable
economic development into our economic model as we transition to a low carbon
and circular economy. Bioeconomy Policy Statement, 2018
IT Tralee | James Gaffey | James.Gaffey@staff.ittralee.ie | +353 (0)66 714 4253 3
Bioeconomy
30% share of biobased chemicals
and materials by 2030
25% advanced biofuels
IT Tralee | James Gaffey | James.Gaffey@staff.ittralee.ie | +353 (0)66 714 4253 4
The circular economy is an alternative to
a traditional linear economy (make, use,
Circular Economy dispose) in which we keep resources in
use for as long as possible, extract the
maximum value from them whilst in use,
then recover and regenerate products
and materials at the end of each service
life
Theory: Renewable biological
resources are cascaded and transferred
safely back to biosphere at end of life –
stay in the biological cycle.
Reality: >75% of biobased plastics are
non-biodegradable, so more likely to
enter the technical cycle!
IT Tralee | James Gaffey | James.Gaffey@staff.ittralee.ie | +353 (0)66 714 4253 5
Circular Bioeconomy
What a circular bioeconomy really
looks like..
IT Tralee | James Gaffey | James.Gaffey@staff.ittralee.ie | +353 (0)66 714 4253 6
What could be a definition? Circular Bioeconomy is the sustainable, cascading processing of biological residues into biobased products which can be shared/reused/remanufactured and recycled, or released safely to the biosphere via organic and nutrient cycles IT Tralee | James Gaffey | James.Gaffey@staff.ittralee.ie | +353 (0)66 714 4253 7
Circular Bioeconomy – Food Waste
• 1/3 of food produced is wasted globally
– 1.3 billion tonnes
– Ireland 1 million tonnes
=>Circular Bioeconomy to reduce waste and increase value
• Natac Innovaoleo: Olive mill residues to polyphenols, food + energy
• Solidus Solutions: Veg Packaging boxes from tomato stems
• Bio-bean: Blended coffee grounds to biodiesel
• Celtic Renewables: Pot ale and whiskey draff to ABE
• AgriChemWhey: Whey permeate and delactosed whey
to lactic acid and other value-added products
IT Tralee | James Gaffey | James.Gaffey@staff.ittralee.ie | +353 (0)66 714 4253 8
9
Industrial Symbiosis
• One company’s waste is another’s feedstock!
• Kalundborg, Denmark, Established 1959
– Initial concept driven by water scarcity
– Currently over 30 sharing of materials within 7km2
– Isolated sulphur for H2SO4 production
– Gypsum waste to plasterboard
– Surplus heat for district heating and fish farm heat
– Fish farm sludge sold as fertilizer
• 25% water saving
• 20,000t less oil
• 265,000t less CO2
• However –
=> Economics, not CO2 savings, driving the trend!
• Savings in waste-derived feedstocks – €75M Annually
• Cheaper feedstocks attracting new companies
IT Tralee | James Gaffey | James.Gaffey@staff.ittralee.ie | +353 (0)66 714 4253 10Small-scale Grass Biorefinery
to diversify and decarbonize agri-sector
New Rural Circular Business Models
Small-scale/Decentralized Rural Biorefineries
- Automation for farmer uptake
- What kind of business model?
- How to get the product to market?
11Novel Structures and Collaborations required:
Pomacle Bazancourt Agirculture Co-operative Biorefinery
Complex (Est. 1950s). ARD Research Centre Established
1990 to Create Value for Shareholders i.e. Farmers. Now co-
producing food, chemicals, cosmetics and fuels.
12Opportunities for Reindustrialisation
e.g. Porto Torres, Sardinia
13Former petrochemical refinery now biorefinery
breathing new life into the arid terrain –
Simple market pull measures!
14New Green Products
• Drop ins - Replacement for existing products
– Identical properties, established market, competing on cost,
green premium?
• “Smart” Drop-ins – e.g. Epichlorodydrin from Glycerol
• Dedicated biobased products or biofuels
– Improved functionality
– Competing on differentiation, not cost!
– Route to market?
• Synvina – JV Avantium/BASF
– 2-5 FDCA for PEF
– PEF outperforms PET: O2, CO2, Water, Thermal Stability
– PEFerence flagship, 50,000 t/a FDCA
• Key Partnerships with Lego, Coca-cola, Danone
IT Tralee | James Gaffey | James.Gaffey@staff.ittralee.ie | +353 (0)66 714 4253 15Other New Business Models
• New Green Products
• New/old Co-operations and structures
• Joint Ventures
• Fractional Ownership
• Vertical/horizontal Integration
• Industrial Symbiosis/Eco Parks
• Long-term/novel financing structures
• 5 Circular Economy Business Models
• Sharing Platform
• Circular Supplies
• Resource Recovery
• Product Life Extension
• Product as a Service
IT Tralee | James Gaffey | James.Gaffey@staff.ittralee.ie | +353 (0)66 714 4253 16Thank you! Email : james.gaffey@staff.ittralee.ie Phone: +353 (0)66 714 4253 Mobile: +353 (0)86 154 4407 Website: www.agriforvalor.eu Facebook: https://www.facebook.com/agriforvalor Twitter: @AgriForValor IT Tralee | James Gaffey | James.Gaffey@staff.ittralee.ie | +353 (0)66 714 4253 Company Name | Name of the Presenter | e-mail@presenter.de
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