Profitable Bioresource Management: Basis for Circular Bioeconomy

Bioresources including municipal solid waste (SW) are a valuable component of the ecosystem.An economic system for the reuse of resources putting an end to the concept of waste is termed as the circular economy.Economic activity in such a system does not need synthetic ways of resource production but anthropogenic activities of agriculture and food production that provide bioresources as replacements for non-renewables [1].The concept of circular economy has a contrast with the linear economy as the economic actors of a circular economy are environmentally safe.It aims at redesigning the life cycle of a product, having minimal input of resources, and minimal production of waste materials thus promising sustainability [2].Thus, the circular economy transforms wastes of numerous industries including food and agriculture into a resource for another industry enabling circulation of bioresources, sustainability, and environmental stewardship [3].The principles of reducing, reusing, and recycling lead towards a circular economy [4] which is completely in line with several targets of the United Nations' Sustainable Development Goals (SDGs).Abstract: Organic waste (OW) can be profitably managed through recycling and reuse under the concept of circular bioeconomy.The objectives of this study were to design an in-vessel composter for transforming OW to compost and to raise community awareness about the value-added and profitable management of OW.A design of an in-vessel composter for the small-scale recycling of OW is presented.Based on available data about solid waste (SW) produced from eight major cities of Pakistan, a model (OW = 0.1989×SW1.0577;R2 = 0.997) was developed to calculate the profit of OW recycling.This model was used to make a 5-year business plan for eight major businesses of Faisalabadan economic hub and the third-largest city of Pakistan.The businesses were convinced by helping them make a 5-year business plan based on their individual needs for reaching a break-even point of returns for their investments.The businesses that did not produce enough OW to run the composter at its full capacity were advised to think about the composter's commercial use.The small businesses in the town may be interested in selling their waste to those involved in compost produ5ction.Farmers can recycle their byproducts, businesses can make a profit from waste recycling, and cities can benefit from a circular resource economy.