Sustainable Industry Efforts Remain Steady
Recent industrial sustainability highlights include a foodservice vegetable oil recycling program and a surge in the aquaculture market
PHOTO COURTESY OF: Restaurant Technologies
Restaurant Technologies Breaks Recycling Sustainability Record
The organization recycled more than 314 million pounds of used cooking oil in 2023
Restaurant Technologies broke its own sustainability record by recycling and converting more than 314 million pounds of used cooking oil (UCO) into renewable diesel or biodiesel in 2023, breaking the record set in 2022 by 25 million pounds. The company continues to help its 40,000 customers nationwide be more sustainable and reach their Environmental, Social, Governance (ESG) goals to create a cleaner, more livable planet.
With the support of renewable energy partners such as Chevron Renewable Energy Group, Restaurant Technologies converts 100% of UCO collected into renewable diesel or biodiesel. By eliminating packaging and converting UCO into renewable fuel, the company helped save about 26.7 million pounds of trash, more than 8 million cubic feet of landfill space, reduced petroleum diesel usage by more than 40 million gallons and helped avoid more than 1 billion pounds in CO2e emissions.
Restaurant Technologies boasts a diverse portfolio of customers in the restaurant, hotels/resorts, grocery store, convenience store, college/university, casino, golf club, and other foodservice related businesses. These customers include nationally recognized brands such as McDonald’s and Shake Shack, among others. Together, they build a more sustainable business and will continue to aspire to achieve new corporate social responsibility heights.
US Aquaculture Chemical Market to Reach $1.5 Trillion by 2031
Aquaculture chemical market involves usage of chemicals such as antimicrobials, disinfectants, and others to maintain the health of fish and shrimp in fish farms
CoherentMI published a report, titled, US Aquaculture Chemical Market Size is estimated to grow from $950.7 Billion in 2024 and is forecast to reach a value of $1.488 Trillion by 2031 at a CAGR of 7.2% between 2024 and 2031.
The US Aquaculture Chemical Market is driven by the increasing demand for seafood products due to the growing population and changing dietary preferences. Additionally, the rising awareness about the benefits of consuming fish rich in omega-3 fatty acids is fueling the demand for aquaculture chemicals to improve the yield and quality of farmed fish.
US Aquaculture Chemical Market Size is anticipated to witness a CAGR of 7.20% during the forecast period 2024-2031, owing to the increasing adoption of sustainable aquaculture practices. On the basis of type, the amino acid segment is expected to hold a dominant position, owing to its role in enhancing the growth and immunity of aquatic species. On the basis of application, freshwater aquaculture is expected to dominate the market, due to the high demand for freshwater fish species. Key players operating in the US Aquaculture Chemical Market include Cooke Aquaculture Inc., Mowi ASA, Blue Ridge Aquaculture, and others, driving innovation and sustainability in the aquaculture industry.
One of the key trends in the US Aquaculture Chemical Market is the growing adoption of sustainable aquaculture practices to minimize the environmental impact of fish farming. Another trend is the rising popularity of organic aquaculture chemicals as consumers become more conscious about the quality and safety of seafood products. These trends are expected to drive market growth and innovation in the coming years.
Growing Demand for Sustainable Aquaculture Practices
The market is witnessing a growing demand for sustainable aquaculture practices, leading to the adoption of advanced chemicals and additives to ensure the health and productivity of aquatic species. With increasing concerns about environmental impact and food safety, aquaculture producers are focusing on using eco-friendly chemicals that enhance growth and reduce the risk of diseases in aquaculture systems.
The Committee on Sustainability Assessment Welcomes Four New Board Members
For almost 20 years, COSA has been at the forefront of revolutionizing sustainability-assessment-welcomes-four-new-board-members
The Committee on Sustainability Assessment (COSA), a global player in sustainable agriculture and food systems, announced the election of four new members to its Board of Directors.
"I am personally delighted to welcome such a strong group of new board members, who each bring invaluable skills, experience, and vision to the COSA board and I look forward to serving with each of them," said Richard Rogers, Managing Director of Rogers MacJohn & board chair of COSA.
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