The global resource management company said the new digital platform aims to make it easier for manufacturers to buy and sell products, as well as converting waste streams into cash flow by bringing them into the circular economy.
‘First of its kind’
Veolia said BioTrading was the “first” digital marketplace connecting the organic value chain. The company hopes the resource will save buyers time and money by offering simple search solutions and price comparisons. This will provide buyers with access to a central platform that delivers “transparent and fair” pricing.
Currently, no price comparison or trading platform exists for the organic sector, the company claimed.
For sellers, Veolia BioTrading will enable them to deal directly with their customers so they can secure a “good price” and gain “maximum value from their waste and process by-products”.
Financial and environmental ‘win-win’
Central to Veolia’s ambition is the drive to meet the sector’s organic resource needs by bringing under utilized by-products back into the supply chain.
Commenting on the launch of the website Raquel Carrasco, Organics and Technology Director at Veolia UK said it was a “win-win” in terms of financial and environmental benefits.
“Our new BioTrading website is the missing link for the UK’s organic resources and represents a real step forward in innovation. By operating as an agile trading platform it is a financial and environmental win-win for both buyer and seller. For the UK, it means more waste can be turned back into resources, boosting sustainability, delivering value and promoting a more circular economy.”
The service is aimed at anyone who has resources, or requires them, such as farming, water, construction, food and drink, anaerobic digestion, and the biodiesel and bioethanol industry. A “wide range” of resources will be made available on the website including food waste, food for redistribution, industrial organic by-products, agricultural wastes, biodiesel and bioethanol residues, sewage and industrial sludge and wood.
It will initially be rolled out in the UK but a spokesperson explained that Veolia plans to extend BioTrading internationally. "The plan for the future is to expand internationally, currently we are focusing on organic waste in the UK."