Nutreco Feed Tech Challenge 2018

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Turning crop waste to single-cell protein - sustainable resources for aquaculture feed

We convert abundant crop waste into a protein-rich ingredient for aquaculture feed. Our single-cell protein has an excellent amino acid profile and contains carotenoid immunostimulants, ensuring the optimum growth and health of fish and shrimp.

We extract nutrients from crop waste and feed them to bacteria in a fermentation process. Once ready, the nutritious bacteria are harvested, treated to increase digestibility, dried and sold to feed producers as our protein product.

Describe the problem your company wishes to solve and how your product or service will solve it

17% of caught fish is used by aquaculture feed producers as a source of protein* called fishmeal, but most fisheries are fully exploited meaning this cannot be expanded. Aquaculture has grown at 9% pa since 1975, and is expected to double by 2050, however there are not enough sources of quality protein to sustain the demand for feed.

BioKind will provide protein to feed producers that matches the nutritional requirements of fish and shrimp. By making our protein from crop waste, we provide a truly sustainable solution that can help meet growing demand, without taking more fish from the ocean.


*United Nations Food and Agriculture Organization http://www.fao.org/3/a-i5555e.pdf

Describe other business assistance that you are seeking from Nutreco

Nutreco has a global network of contacts in the feed industry. We would love to tap into this network to better understand the protein supply chain from top to bottom. In particular, engaging with decision makers at Skretting, the world’s largest aqua feed producer, would be extremely valuable in shaping our customer value proposition.

We are very keen to learn more about the APAC region, informed by Nutreco’s operations, which is where we intend to build our production facility.

The information and contacts we gain will be invaluable in attracting investment.

Are you available to participate in the final event in the Netherlands 28, 29, and 30 May? All expenses will be covered by Nutreco

Yes

Describe how the prize - a validation trial in our facilities - could boost the development of your business

Technical field trials will allow us to validate the efficacy of our product. This will give us essential data for approaching potential customers. Furthermore, it will help de-risk our company and increase investor confidence, improving our attractiveness as an investment, and ultimately help us raise capital for a pilot production plant.

If you already have a website for your business, please share the URL

www.biokind.co.uk

edited on Feb 26, 2018 by Max Swinscow-Hall

teresa debesa 4 months ago

The idea has been progressed to the next milestone.

Reply 1

Neil W. Jaworski 4 months ago

Cool submission Max. What is your strategy to obtain the crop residue? It is quite difficult to get in the USA (at least with regards to corn residue) because it requires the baling of the residue after harvest and this is 1 more thing for a farmer to do and most of the time the farmer cannot be paid enough to make the residue collection worth the investment in a baler, time, and soil compaction. In my opinion, the most efficient way to make protein out of crop residue is to winter cattle out on the residue, but this also leads to soil compaction. However, your product contains a lot of extra 'goodies' that come from a fermentation process so that adds value and may lead to more efficient protein production.

Reply 2

Max Swinscow-Hall 4 months ago

Hi Neil, thanks a lot for you insight and encouragement. Two of our co-founders are from Southeast Asia and we have strong networks with agricultural producers locally there - we have agreed to collaborate with one of these for a pilot. The situation is the same however - the farmer won't want to collect for us. We've done some initial evaluations and believe we can employ staff to do the collections at an acceptable price. Once we have collected the residues, we extract the nutrients and feed them to bacteria. The great thing about this is, that we can explore using bacteria that have natural functional benefits, like immunostimulants which enhance fish resistance to infection. Best wishes, Max

Reply 1

Chris van Bussel 4 months ago

Hi Max, thanks for the contribution. If your product could compete and replace part of the fishmeal or soymeal in aquafeeds this is a great submission! Could you tell me a little more about the immuno-stimulants and their effect on fish and shrimp health? Is this an assumption based on literature, or do you have documentation to support your claims?

Reply 1

Max Swinscow-Hall 4 months ago

Hi Chris, thanks for the comment. Currently we are indeed focused on developing a product to replace part of fishmeal and soy. The immuno-stimulants is to date an assumption based on literature - further R&D and a trail are required to validate this assumption. We know that our bacteria produces carotenoids - several studies have shown that dietary inclusion of carotenoids result in immune stimulation in aquaculture, and lower mortality when the animals are challenged with a pathogen.

Reply 3

CHRISTIAN DELANNOY 4 months ago

Hello Max, very interesting submission! I was wondring if you had preliminary thoughts with regards to scale up and cost of production? How viable will this solution be in the future?

Reply 1

Max Swinscow-Hall 4 months ago

Hi Christian, many thanks for your positive comment and question. We have produced price models for various scales of production, starting with a pilot producing 2 tonnes a year, and scaling to 40,000 tonnes per year. These initial evaluations suggest we can be competitive with soy protein concentrate in terms of price, shortly after pilot scale. We’re confident that our solution is very viable for several reasons: 1) Our process uses a feedstock that is abundantly available. 2) The fermentation element of our process leverages well established technology which is widely used by other industries at large scale. 3) There is already strong precedent for using similar products to ours in compound feed. Please let me know if you have more questions. Best wishes, Max

Reply 2

teresa debesa 4 months ago

The idea has been progressed to the next milestone.

Reply 1

Carlos H. Luna-Flores 4 months ago

Hi Max,

I wonder if you have performed economic analyses of obtaining c-source to grow a m.o from crop waste ? As far I know, the process is energy intensive and expensive, not commercially viable today. Also, why you grow bacteria to produce single cell protein ?, generally yeast has more protein content inside

Reply 1

Max Swinscow-Hall 4 months ago

Hi Carlos, thank you for the questions. We've performed economic evaluations and believe that our process is viable. Generally speaking, bacteria have higher protein content that yeast, and also a better amino acid profile (yeast usually contain less methionine), and so are more favorable as single-cell protein. If you're interested in finding out more, a good review is available here: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5645522/
All the best, Max

Reply 1

teresa debesa 3 months ago

Status label added: Full business case submitted

Reply 0

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