The company behind the world’s first industrial-scale
maggot farm based on organic waste plans to kick off its international
expansion with a plant in California next year, taking advantage of two global
problems: a shortage of protein and an abundance of trash.
The plant in Jurupa Valley will be
followed by operations in the Netherlands and Belgium, and is part of a drive
by AgriProtein and a handful of competitors
worldwide to tap into demand for high-grade protein for fish and poultry feed
and offer a solution for the unwanted organic waste that cities and farms
“The world is long on waste and short on protein,”
Jason Drew, AgriProtein’s chief executive officer, said in an interview.
The California operation will be modeled on the
facility in Cape Town, which rears black soldier flies on about 250 metric tons
of organic waste daily. The flies’ larvae are then harvested to produce 4,000
metric tons of protein meal a year. At any one time, including eggs, there are
8.4 billion flies in the factory.
The plant also produces 3,500 tons of fatty acid oil
and 16,500 tons of frass, or maggot droppings, which is used as
“Spaniards have become richer than Italians — a heartening indication of Spain’s economic revival but a worrying sign for Italy, the eurozone’s third-largest economy, which is stuck in political gridlock.”
“Spain’s per capita gross domestic product exceeded that of Italy in 2017, according to IMF data published this week that compare countries on a so-called ‘purchasing power parity’ basis. The IMF also forecast that Spain would become 7% richer than Italy over the next five years. A decade ago Italy was 10% richer on the same basis.”
“By 2023 some former Soviet bloc countries, including Slovakia and the Czech Republic, are also expected to become richer than Italy on a per capita basis, the IMF forecasts show.”
“Italy’s stagnation is one of the main causes of the country’s increasingly bitter political divisions, with the electorate losing faith in the ability of its traditional parties to create jobs and restore growth. Anti-establishment and protest parties emerged as the big winners of Italy’s inconclusive general election last month, where voters deserted more moderate center-left and center-right forces.”
“Italy’s underperformance — and in particular any threat to its ability to service its debt, the largest in the eurozone after Greece’s relative to the size of the economy — is also seen as one of the biggest risks for the single-currency area.”
“The fact that Spain has overtaken Italy owes more to Italy’s problems than Spain’s economic progress, which has only recently gathered pace.”
“At the end of the 1990s, Italy — which now has almost 15m more people than Spain — had an economy twice as large as that of Spain. It is now only 50% larger and the difference is expected to shrink even further in the next five years.”
“Back in 1997, Italy was the 18th richest economy on a per capita basis among the countries for which the IMF has a complete data set. After 10 years, its ranking dropped 10 positions — and it has now slipped five more positions in the decade to 2017.”
“By 2023 Italy is expected to be only the 37th richest country on a per capita basis.”
For the world to attain lower carbon dioxide emissions, the oil majors will need to be leaders in this initiative. They’ve taken on the charge to some degree committing larger sums to renewable energy sources; however, it’s hard when they’re so good at making money with carbon dioxide emitting sources.
“Assets managed by SWFs globally reached $7.45tn spread across 78 funds as at March 2018, an increase of $866bn, or 13%, over the past 12 months, according to data provider Preqin.”
“A recovery in oil prices and strong gains for equity markets drove the increase in assets, which will come as welcome news to investment managers as SWFs are among their most prestigious clients. SWFs pulled about $85bn from asset managers over the 24 months ending on December 16 as low oil prices forced governments in the Middle East to raid these rainy-day funds to prop up public spending.”