Low meat prices get most attention from those bemoaning the economics of sheep farming.
But poor prices for by-products are another contributing factor.
That might change if Aduro Biopolymers’ work on turning bloodmeal into plastic succeeds commercially.
The company has received investment from Wallace Corporation.
“Aduro Biopolymers has developed an innovative method for the production of bioplastics made from by-products of the red meat and poultry industries,” says Graham Shortland, CEO of Wallace Corporation. “We’re always looking for innovative ways to turn new and existing raw materials into higher value products in order to sustainably deliver superior returns to our meat processing partners.”
“We’ve been very impressed by the team at WaikatoLink and their track record in commercialisation as well as the quality of research from the University of Waikato. This investment is part of a broader strategy and the start of a partnership that will allow us to bring new research from the University into our business.” . . .
Aduro Polymers aim is to develop environmentally conscious materials for the manufacturing and construction sectors. The company’s first product is Novatein, a bioplastic that will be price competitive with petrochemical plastics. The global plastics market is worth over a trillion dollars and currently bioplastics represent 5-10% of that market, with a compounded annual growth rate of almost 20%.
Darren Harpur, Acting CEO of Aduro Biopolymers says, “The manufacturing process for Novatein is quite simple. This means the capital costs required to commence manufacture will be relatively low and should enable the cost effective production of Novatein. There is a growing demand for environmentally friendly plastics but they need to be at the right price point for consumers. We are confident we can achieve this price point with Novatein.”
The science behind Novatein originated and continues to be developed by the University of Waikato’s Dr Johan Verbeek and his team, where bloodmeal produced by the red meat industry is processed into granules which have been modified and optimised to suit a chosen product’s attributes. The granules can then be manufactured into injection moulded or extruded products using industry standard equipment. Novatein has been in development since 2007 and has received investment support from KiwiNet’s PreSeed Accelerator Fund from the Ministry of Science and Innovation.
Harpur says, “As consumers, we’re all aware of the effects of plastics on the environment. Novatein will help solve some of those problems by introducing a bioplastic made from naturally occurring materials that on their own quickly degrade in the environment. We think that this aspect combined with a simple manufacturing process will enable our technology to be adopted quite rapidly.” . . .
TV3 has more about the product here.