Innovators Turn Seafood Waste into a Billion Dollar Business

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Innovators Turn Seafood Waste into a Billion Dollar Business

by Vikas Vij
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Seafood is a tight margin business, anything that can be done to #reducewaste will help profitability bit.ly/1LtJhQu via @Justmeans

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Friday, March 4, 2016 - 4:00pm

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According to nonprofit Oceana, each year American fishermen throw out an estimated two billion pounds in by-catch alone – an amount worth about $1 billion. In cases where the EPA permits fish waste to be tossed back into the ocean, seafood processors usually dispose of fish guts, heads, tails, fins, skin and crab shells in marine waters. This decomposing organic matter can harm the local marine ecosystem.

Fishing entrepreneur Craig Kasberg’s company Tidal Vision has developed a vegetable-based tanning process for salmon skin, and launched a line of wallets made from salmon skin leather.

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Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.

Keywords: Responsible Production & Consumption | Cause Global | Environment | Justmeans | Social Entrepreneurship | best practices | social innovation | sustainable seafood

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