"The increasing cost of commodities, such as soybean meal, paired with the increasing demand for low-carbon poultry products, has put immense pressure on the poultry industry to explore alternative feed ingredients," she said.
"Recycling food waste into poultry feed will help farmers to save on feed costs, generate significant improvements in feed efficiency, reduce the environmental impact of poultry production and assist the Australian poultry industry to meet the growing demand for more sustainable and low-carbon poultry production."
In Australia, about 65% of poultry production costs are spent on feed, while it's estimated that 7.3 million tons of food ends up in landfill each year. Diverting this waste into a cheap and sustainable feed option is expected to lower greenhouse gas emissions created from producing eggs and chicken meat by 76% and 25% respectively. Financially, the low cost of commercial waste, paired with the fact that it can be sourced locally, would have the potential to slash feed costs by half.
Because of these benefits, it is hoped that the patented technology used to produce waste-based feed will be adopted widely within the next five years.
Chief Executive Officer of Food Recycle Ltd., Norm Boyle, said there are big plans on the horizon.
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