Periodic Reporting for period 1 - BPV (EXTRACTING VALUE FROM BYPRODUCTS OF THE FOOD INDUSTRY)
Reporting period: 2015-05-01 to 2015-08-31
The main objective of the BPV Project is to commercialize the technology, for which several steps need to be taken: ultimate the design of commercial plants, build and test pilot installations, adjust the technology according to the tests, industrialize the production, protect IPR and close agreements with all stakeholders required for the commercialization of the technology.
1.- Determination of the detailed technical scope of the Project, reviewing the required technical improvements and the associated plan, timing and budget. Two pilot demonstrations have been programmed to be performed during Project execution, with the main objectives of demonstrating the technology with real end-users and obtaining certifications for the BPV-products and the biogas produced out of them.
2.- Estimation of costs of the commercial BPV plants in an industrial production mode, for both the 10 t/d and 30 t/d plant types.
3.- IPR study: patent research and analysis have shown no conflict with any existing invention. As a result, IGW will apply for a patent for the BPV Process during the execution of the Project.
4.- Demand and Market Analysis: both two sectors relevant for BPV have been analysed (meat production/slaughterhouse activity and biogas). The production of animal by-products and the demand for biogas largely overcome the offer of BPV, indicating a favourable commercial environment for the solution.
5.- Business Plan: IGW will install and maintain the plants and trade with the animal waste and the BPV-products. The business model has been established on the basis of: 1) IGW receives an entry fee for the installation of the plant, 2) Slaughterhouses will pay a 50% of the standard gate fee for disposal of ABP, 3) IGW will sell the BPV-products subject to the constraint of providing a 30% of costs reduction to biogas operators with respect to using energy crops as feedstock. Trading forecasts then show the feasibility of achieving more than 13M€ of cumulative profit after 5 years in the market.
Hence, the BPV Process will contribute to reduce animal waste by bringing value to it, and at the same time, to significantly reduce operating costs of biogas producers (production of biogas from the BPV-products can be profitable even in the absence of public subsidies).