Food waste recycler folds [News]
By Grace Chua, The Straits Times, 18 Nov 2011.
Singapore’s largest food waste recycling company has shut for good.
But IUT Global’s closure does not spell the end of the industry, as its customers search for alternatives and new players come on the scene.
The homegrown company started in 2008 and was feted by then Environment and Water Resources Minister Yaacob Ibrahim as a milestone in waste management and recycling.
The company aimed to one day process 800 tonnes of food daily, turning it into organic fertiliser and biogas for electricity to power up to 10,000 homes.
But by March this year, it was still collecting only 120 tonnes to 130 tonnes a day. That produced gas for electricity to power just 500 households, and it sold or gave away the organic compost that remained, said IUT managing director Edwin Khew.
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