ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Bright Feeds, Connecticut's New Food Waste Recycler, Opens Plant in Berlin

Licensed for 450 tons of food waste per day, Bright Feeds' inaugural plant converts unwanted food into animal feed—reducing greenhouse gas emissions and saving companies and municipalities money.

Bright Feeds Launch
Bright Feeds Launch

Katie Dykes, Commissioner of the Connecticut Department of Energy and Environmental Protection (DEEP), cuts the ribbon at Bright Feeds' new plant in Berlin, CT

BERLIN, Conn. - November 3, 2022 - (Newswire.com)

Bright Feeds, a New England-based green startup, opened its first food waste processing plant in Berlin, Connecticut, last week. Licensed to process 450 tons of food waste per day for the next 10 years, the plant is positioned to fill a waste processing gap left by the July 2022 closure of the MIRA plant in nearby Hartford.

"With Bright Feeds here, we have a bright future in Connecticut," says Katie Dykes, Commissioner of the Connecticut Department of Energy and Environmental Protection (DEEP). "I'm excited about what this could mean, not just for Berlin, but for helping Connecticut solve this waste disposal crisis in a really exciting way."

Bright Feeds' 25,000-square-foot plant uses cutting-edge artificial intelligence and drying technology to convert unwanted food into an all-natural, nutritious soy and corn substitute for animal feed. Bright Feeds developed its proprietary drying technology with engineers at Boston College and Worcester Polytechnic Institute. It uses best-in-class technology sourced from around the globe, and manufactured and assembled in the U.S. 

At capacity, the environmental impact of the Berlin plant is equivalent to removing 22,000 cars from the road every year. The carbon-negative process uses less energy and is more scalable than other food waste recycling solutions. 

"Not only are we solving the food waste problem, but we're doing it in a way that's more efficient than anything else commercially available," says Bright Feeds President and COO Tim Rassias.

Food waste is a key contributor to climate change:

  • Globally, if food waste were a country, it would be the third greatest greenhouse gas emitter after China and the U.S. (World Resources Institute).
  • In the U.S., about 40% of food is never eaten—and nearly 70% of that waste typically ends up in landfills or greenhouse gas-emitting incinerators (USDAEPA).
  • New England produced over 2 million tons of food waste in 2019, with 520,000 tons produced in Connecticut, where food makes up about 22% of disposed waste (Connecticut waste study).

"41% of what we burn and bury every year is actually valuable material: It's food scraps, it's yard waste, it's all kinds of organics that are incredibly valuable and can be repurposed," says Dykes. "The Bright Feeds model is, for the first time, at scale, turning food waste into a food source for animals, which is one of the best uses for organic material under Connecticut's waste hierarchy." 

According to the EPA, feeding animals is the top solution for reducing food waste after feeding hungry people.

"Yes, we can turn it into compost. Yes, we can turn it into energy. Those are all good—but the best thing is to take this stuff and preserve it as food and use it," says Bright Feeds Board Chairman and investor Scott Kalb. "That's what we're doing."

Thanks to its pioneering technology, Bright Feeds can accept a wider variety of food waste than its competitors: not just dry, grain-based waste, but also vegetables, fruit, and other wet waste. 

"We're a one-stop shop for food waste," says CEO Jonathan Fife. "We built our whole process around taking a variety of inputs and producing a consistent, high-quality feed."

Using a variety of food waste enables Bright Feeds to consistently produce a highly nutritious product. Bright Feeds then sells the meal to animal feed manufacturers who use it as an ingredient in their feed.

Bright Feeds keeps food out of the waste stream—and saves money for food producers, waste management companies, and municipalities.

New England's ongoing waste crisis calls for creative solutions. With shrinking landfill space, higher gas prices, and multiplying tipping fees, businesses and municipalities face increasing challenges on what to do with their trash. 

Bright Feeds enables the responsible disposal of unwanted food for a fraction of typical tipping fees.

The Berlin plant is located between I-91 and I-84, near USA Waste's new recycling center and with easy access to New York City and Massachusetts. Bright Feeds also has a collection point in Fitchburg, Massachusetts, and others in the works. The company plans to scale up with additional plants first in New England and then throughout the country.


Contact Information:
Laxmi Wordham
lwordham@brightfeeds.com
917-319-9329


Press Release Service by Newswire.com

Original Source: Bright Feeds, Connecticut's New Food Waste Recycler, Opens Plant in Berlin
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.