Best Ideas 2019 features all the nominated entries submitted under ‘Submit your Idea’ category. All the entries consist of innovative solutions or propositions for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage.
Production of bioplastics from waste potatoes without competing with food or fodder source
Explain your idea in details:
India ranks third contributing around 8% to the worlds potato production. In India, about 68% of potato production is consumed as fresh while 8.5% is utilized as seed and 7.5% for processing purposes. The remaining 16% goes as waste due to various reasons potatoes, besides posing disposal issue, results in greenhouse gases emission affecting the environment. Since, starch is the major raw material for bioplastic manufacturing, the attempt to utilize this waste will provide low cost feedstock for bioplastic production without competition with food crops. Potato starch has advantages over other starches. Potato starch has a relatively open structure and absorbs more water than cereal starches. Potato starch has higher viscosity when mixed with water or plasticizers such as Glycerol, due to higher phosphorous content than cereal starches. Suitability of a bioplastic for use as insulation depends on the price of the starch and the high thermal sensitivity. The potato starch well qualifies in this regard. The significance of this proposal lies in the fact that it will help to establish commercial market for a agro/food waste in the form of a valuable raw material for bioplastic. Once established, it will open new avenues for the potato processing industries which release waste effluent rich in starch.
Expected impact of your idea on sustainable development
India ranks third contributing around 8% to the worlds potato production. About 16% of potatoes in India goes as waste due to various reasons potatoes, besides posing disposal issue, results in greenhouse gases emission affecting the environment. Bioplastics is expected to provide a process for viable and gainful utilization of waste potatoes for production of Bioplastics without competing with food crops. As waste potatoes are being used it will not only lower the raw material costs to significant amount but also benefit farmers by providing them some value for those waste potatoes. Employment to local people mainly women and poor people for collection of waste potatoes. Employment generation for technical people required for manufacturing of bio plastic.
Plans for implementation and sustainability
Sourcing can be done from small to medium sized farms spread across different locations of UP, Punjab, where production of potato is high. Partnering with Big Mandis like Mandi in Delhi and local aggregators would ensure consistent supply throughout the year with reduced price variability. Demand side risk can be managed by contracting with (all most every sector) industries, bakeries, hotels, whole sellers, retailers, logistics as they would be willing to purchase due to both requirement and benefits of bioplastic. Especially for industries who produce premium and environment friendly products like ITC, Wipro would be willing to pay a premium for such product For the consumer segment, the market can be further classified into two: First, the health and green consumers category who are aware about hazards of using non-biodegradable plastics. Second, the urban households can be targeted via retail outlets and e- commerce platforms. Initially F&B industry would be the target, then moving towards supermarkets, then to smaller retail stores. Advertisement can be done via awareness campaign at retail outlets, B2B via catalog marketing, and attending industry networking events and building buyer relationships. The cost of producing plastic from the polymer is Rs. 7.35/kg and that of bioplastic from waste potatoes(investment is higher than making plastic from polymer) are approximately Rs. 9.49/kg (price =Rs. 20/kg)(exhibit V)whereas from corn starch is much higher and can be recovered by realizing economies of scale over time. It can also create a barrier to entry for the competitors.
Founder at SPM Bioplastic Private Limited Reg Office Sector 14, Faridabad, Haryana 121001 CIN: U25209HR2019PTC080356 Currently pursuing MBA at IIM Ahmedabad Btech in Food Technology and Management Achievements: 2 patents: Process of producing Bioplastics from waste potatoes New product development from Jackfruit seed 2nd among 70 colleges (across 20 states) in National level quiz Competition organized by CII & FSSAI Instant Horse gram soup mix (NPD) selected in LIFT India Workshop Manesar , Swissnex India Campus winner, won Rs. 50,000 Reliance The Ultimate Pitch 4.0 a business plan competition Awarded fellowship of International exchange to IFSH, Chicago, Illinois Institute of Technology, USA Selected among 174 students on the basis of Merit & Extracurricular and was Sponsored by the institute New Product Development of Instant Horse Gram Soup mix- participated in McGill centre competition New Product Development of Instant custard premix from Jackfruit seed flour (byproduct utilization)