Bifalgorithm post

This company turns waste coffee powder into 10 million dollars of annual revenue and this business is absolutely crazy. Now I'll explain exactly what is happening. Typically when you brew coffee, the waste coffee powder is called spent coffee grounds. It ends up in the garbage goes into the landfill where it releases methane which is 28 times more harmful for the environment compared to carbon dioxide. Now this company realized that when you look at this waste coffee powder, typically it has 10 to 15% by volume of oil which does not go into the coffee. Now using this oil you can primarily make two kinds of products. The first product is coffee pellets or briquettes. This is essentially drying this coffee powder and converting it into pellets as well as bricks which can be burnt in industries as fuel. Now the calorific value of this coffee ground is typically 30% higher compared to wood in pellets which means it burns hotter as well as longer compared to wood. Now it also generates almost just about 30% of the emissions it would create by ending up in the landfill which means this is a better use of the waste coffee powder. The second product that they generate is biodiesel which means this oil is extracted, it is purified or goes through a process called transesterification and after that it becomes a mix into diesel which is used in industries. Now the pioneer of this business was this company called Bio Bean in the UK which almost ten years ago unfortunately went through an accident and caught fire. After that that company was acquired but now there are a bunch of other companies around the world in Poland, in Netherlands which work on a similar business model. Now if you look at India, Karnataka produces almost 70% of coffee and the number of cafes that are coming up which are literally throwing away this spent coffee grounds can practically be converted into pellets and briquettes because even the machine for this conversion is easily available in India and you don't need to import it. Now there are several agencies and ministries of the government which practically give incentives as well as subsidies for you to do this kind of business. So explore this and share it with someone who may need it.

This company turns waste coffee powder into 10 million dollars of annual revenue and this business is absolutely crazy. Now I'll explain exactly what is happen…