They can’t be produced separately and will incur undifferentiated joint costs. Joint products can’t be separated until a specific ‘split-off point’ or ‘separation point’. The concentrated protein content in chicken byproduct meal may trigger allergic reactions in sensitive dogs. Thoughtfully sourced, digestible chicken byproduct meal can have a place in nutritious dog foods.
A byproduct is a secondary product that is derived from the production of a primary product. Byproducts can be found in various industries, including agriculture, manufacturing, and energy production. They can take many forms, such as chemicals, materials, or energy, and can have significant economic and environmental value. Byproduct and waste are two terms commonly used in the context of industrial processes and production. Byproduct refers to a secondary or additional product that is generated during the production of a primary product. It is often a valuable or useful substance that can be further utilized or sold.
Keep in mind that for intestines to be processed they must be cleaned so they don’t contain harmful bacteria. A trustworthy food company will check its chickens and only accept the ingredients that are good quality. It needs to analyze the level of ash in order to determine if there is too much bone in the final product. It is also possible to use the total market values of the main product and the by-product at the split-off point as a basis for assigning a share of the cost prior to split-off to the by-product.
All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. This team of experts helps Finance Strategists maintain the highest level of accuracy and professionalism possible. At Finance Strategists, we partner with financial experts to ensure the accuracy of our financial content.
Contents
The plant generates electricity using a nuclear process that produces nuclear waste. Not only is this material not salable, it is hazardous to store and dispose of. Companies must build highly specialized facilities to store this material and hire employees who can take caution in handling, transporting, and disposing of it. It just so happens the byproducts of these mineral sands include dysprosium and terbium – some of the most sought-after rare earths.
Examples of byproduct in a Sentence
For instance, some companies are using byproducts such as carbon dioxide, methane, and biomass to produce low-carbon fuels, chemicals, and materials. Others are using byproducts such as food waste, textiles, and plastics to produce biogas, compost, and recycled materials. By developing new applications for byproducts, companies can reduce waste, improve resource efficiency, and create new revenue streams. Additionally, the use of byproducts can help to mitigate environmental impacts, such as greenhouse gas emissions, pollution, and what is a byproduct resource depletion. Byproducts can be used to improve resource efficiency and reduce waste by recovering valuable materials, energy, or chemicals from waste streams.
Animal byproducts are materials derived from the slaughter or processing of livestock, excluding the main product intended for direct human consumption, such as muscle meat. These materials are co-products with inherent value, intentionally collected and processed for specific purposes. A material is classified as a byproduct if it is generated alongside the primary product and can be further processed into something beneficial. By selling byproducts, companies can offset production costs and increase their overall profitability. As mentioned earlier, whey from cheese making is a common byproduct used to create protein powders.
- For example, the release of byproducts such as sulfur dioxide, nitrogen oxides, and particulate matter from industrial processes can contribute to air pollution, acid rain, and climate change.
- Additionally, the use of byproducts can help to mitigate environmental impacts, such as greenhouse gas emissions, pollution, and resource depletion.
- The typical accounting for any revenues generated from byproducts is to offset them against the cost of goods sold for the primary products that are generated from the manufacturing system.
- If a material has no value or use and is discarded, it’s considered waste, not a byproduct.
- Government agencies establish and enforce these standards, such as the U.S.
Some byproduct material is useful because of self-luminous qualities (e.g., exit signs, watch dials), and other byproduct material is used in medical practices for diagnosis or therapy. Let’s look at some specific examples to illustrate the diversity and potential value of these secondary products. For instance, the distinction between a byproduct and a co-product can sometimes be blurry.
- Our work has been directly cited by organizations including Entrepreneur, Business Insider, Investopedia, Forbes, CNBC, and many others.
- Even though chicken byproduct meal isn’t as healthy as whole chicken, it does have a lot of protein and other nutrients.
- Blood is processed into blood meal for animal feed or industrial applications.
- Byproducts can be found in various forms, including physical products, chemical compounds, energy, or even information.
For instance, the production of polyethylene results in the generation of ethylene glycol, a byproduct that can be used as an antifreeze or a raw material for the production of other chemicals. For example, steel slag, a byproduct of steel production, is recycled into construction materials. Another instance includes used cooking oil, which can be converted into biodiesel, supporting renewable energy efforts. Additionally, agricultural residues like corn husks are often composted or used for animal feed, minimizing disposal issues. Unlike waste, byproducts often have inherent value and can be repurposed or transformed into new products or materials.
Environmental Benefits of Byproducts
As mentioned earlier, co-products are produced intentionally and simultaneously. They have relatively equal economic value and are both primary outputs of a production process. A good example is the production of various cuts of meat from an animal carcass; each cut (steak, ground beef, etc.) is a co-product with significant market value. In the context of production, a by-product is the “output from a joint production process that is minor in quantity and/or net realizable value (NRV) when compared with the main products”. Because they are deemed to have no influence on reported financial results, by-products do not receive allocations of joint costs. By recognizing these examples, you can appreciate how byproducts serve valuable functions across multiple industries while promoting sustainability and resource conservation.
For example, the production of steel results in the generation of slag, a byproduct that can be used as a construction material. Byproducts and waste may both arise from various activities, but their attributes and implications differ significantly. Byproducts offer potential economic value, environmental benefits, and opportunities for reuse or recycling. They are often regulated differently due to their potential value and safe handling requirements.
Various differences may be caused by different processing or by the characteristics of each ingredient. A byproduct, on the other hand, arises as a less intentional and often less valuable consequence of producing the primary product. Its value might be significantly lower than the main product, but it can still be economically viable to utilize. In a chemical reaction, the atoms and molecules produced by the reaction are called products. In a chemical reaction, only the atoms present in the reactants can end up in the products. Main difference between By-product and Co-product A co-product is produced along with with the main product and carries equal importance as the main product.
Carbon dioxide is the by-product of the chemical reaction that takes place during respiration in all organisms. Examples are fat, flesh, blood, milk, eggs, and lesser known products, such as isinglass and rennet. It simply means that the meat came directly to the factory, without being frozen.