Techno-economic and profitability analysis of food waste biorefineries at European level
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Food waste represents a potential source to produce value-added materials replacing the use of virgin ones. However, the use of food waste as feedstock in biorefineries is still at an early stage of development and studies assessing its economic viability at large scale are lacking in the literature. This paper presents a techno-economic and profitability analysis of four food waste biorefineries that use wastes from tomato, potato, orange, and olive processing as feedstock. The study includes the assessment of potentially available quantities of those waste flows in Europe. Due to the low technology readiness level of this kind of biorefineries, a screening methodology to estimate the investment and manufacturing costs as well as two profitability ratios (the return on investment and the payback time) was adopted. Results show that not all the waste feedstocks have the same potential. The most profitable options are those related to implementing fewer plants, namely concentrating the production and capitalising on economies of scale while being at risk of increasing externalities, e.g. due to logistics of the feedstocks.
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Valorization of food waste under the biorefinery framework has recently gained momentum for implementation and achievement of sustainable development goals policies set by the European Union.
“The valorization of food waste under the biorefinery framework has recently gained momentum for the implementation and achievement of the sustainable development goals policies set by the European Unions (EU), such as the bioeconomy strategy and the circular economy goals of the EU [6,7,8].”
From Food Waste Biorefinery: Pathway towards Circular Bioeconomy (2021) · cites this paper as [8]
The payback time period should be carefully considered in the assessment, as the payback period for other biorefineries in real world implementation ranged between 3 and 15 years.
“However, the payback time period should be carefully considered in this assessment (the payback period for other biorefineries in the real world implementation ranged between 3 and 15 years) [8].”
From Food Waste Biorefinery: Pathway towards Circular Bioeconomy (2021) · cites this paper as [8]
If the price of lycopene and β-Carotene are assumed to be EUR 40000/kg and EUR 4000/kg, respectively, the biorefinery would be profitable having up to 56 plants installed across Europe.
“A study carried out by Cristóbal et al. [8] on the techno-economic and profitability analysis of food waste biorefineries at the European level calculated that if the price of lycopene and β-Carotene are assumed to be EUR 40000/kg and EUR 4000/kg, respectively, the biorefinery would be profitable having up to 56 plants installed across Europe.”
From Food Waste Biorefinery: Pathway towards Circular Bioeconomy (2021) · cites this paper as [8]
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- Authors
- Cristóbal, J., Caldeira, C., Corrado, S., & Sala, S.
- Affiliations
- European Commission (BE)
- Corresponding author
- Sala, Serenella
- Venue
- Bioresource Technology
- Publisher
- Elsevier BV
- Published
- 2018-07
- Volume
- 259
- Pages
- 244-252
- ISSN
- 0960-8524 (ISSN-L)
- OpenAlex
- W2789303395
- Cited by
- 230
- References
- 36
- Citations by year
- 2026: 22 · 2025: 25 · 2024: 24 · 2023: 26 · 2022: 38 · 2021: 45 · 2020: 30 · 2019: 14 · 2018: 6
- FWCI
- 9.49
- Type
- journal article
- Language
- en
- Open access
- hybrid
- doi.org
- Licence
- Locations
- Bioresource Technology (publishedVersion, cc-by-nc-nd)
- PubMed (publishedVersion)
- Joint Research Centre (European Commission) (submittedVersion, cc-by-nc-nd)
- Joint Research Centre (European Commission) (submittedVersion)
- Topics
- Physical Sciences › Engineering › Biomedical Engineering › Biofuel production and bioconversion
- Life Sciences › Agricultural and Biological Sciences › General Agricultural and Biological Sciences › Bioeconomy and Sustainability Development
- Physical Sciences › Engineering › Biomedical Engineering › Thermochemical Biomass Conversion Processes
- Keywords
- techno-economic analysis, profitability, tomato processing waste, potato processing waste, food waste valorization, economies of scale, return on investment, payback period, technology readiness level
- MeSH terms
- Europe, Food, Bioreactors, Olea
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