Audience: Who have you identified as your customers/recipients and why? How will you get your solution to them or engage them in your initiative?
Waste collection: coffee companies in the UK collectively pay £53.2mn/yr to dispose of their coffee waste. We will pay them for their waste, providing them with economic and environmental (CSR) incentives.
Biofuel Sales (biomass pellets and biodiesel): bio-bean has already secured large sales with four institutions who have agreed to buy everything we can produce. The UK market for biofuels is rapidly growing, and expected to double in size in the next three years (MarketLine).
Impact: What is the impact of the work to date and expected impact in the future?
bio-bean is still in the ‘start-up stage’, but the projected impact falls into 3 main categories.
1. Environmental: we will produce two renewable products, both of which are carbon neutral and cleaner, renewable alternatives to conventional fuels. By 2016, we will have prevented 111k T Methane, and 908k T Co2 entering the atmosphere, as well as diverting 316,000 tonnes of coffee waste from landfill.
2. Economic: we will save the UK coffee industry tens of millions of pounds in waste disposal costs, including removing charges of £72/T landfill tax and £60/T for incineration.
3. Social: by 2016, bio-bean will have created 65 new ‘green jobs’ for UK workers. We will also impact on government policies: by 2020, 7% of transport fuel must be from biofuel (currently 5%). London buses are aiming to use 20% biofuel by 2015: we will be able to contribute to achieving this target.