Dole Sunshine Co. is working on ways to repurpose around 1 million tons of fruit waste generated by its plantations in the Philippines. According to Wei Tze Ooi, Dole Specialty Ingredients managing director, the pilot plant for the repurposing venture is located in the town of Polomolok, South Cotabato. It is currently testing the fruit waste with several extraction and drying technologies.
In October of this year, DSC and Singapore Economic Development Authority Board (EDB) New Ventures announced DSI as its new corporate venture, which is based in Singapore and has an initial co-investment of $10 million. The venture was formed in efforts to reduce fruit losses by repurposing fruit parts and side streams into ingredients such as seed oils, fibers, and enzymes that can be used in the pharmaceutical, nutraceutical, cosmeceutical, food and beverages, and other industries.
DSI’s target is to use the fruit side streams from Dole plantations across the world, which is estimated to be around 50,000 hectares in size, and includes countries such as the Philippines, Thailand, Sierra Leone, and Sri Lanka.