At first sight it seems like a good idea to add value to waste strems in the food processing industry.
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However, as the project leader says this is not rocket science. The composition of waste streams is generally well known and the technology to extract valuable components already established.It's naive to think companies are paying to dispose of waste streams that contain valuable chemicals which they could be easily extracting and selling.
Many waste streams are actually sold for other purposes such as animal feed and compost while many are already the source of high value chemicals such as essential oils and nutritional supplements. Waste streams have also been used for centuries to produce alternate energy.
Manufacturing companies focus strongly on waste and are just as capable of investigating such opportunities as are researchers.The issue is the financial viability of any particular process and the potential to set up all the players in the supply chain to ensure its sustainable operation.