This report finds that residual resources, which are now often categorised as 'waste', can be reused at their highest potential value if fair pricing is ensured. Using the example of IntelligentFood, a cooperative that turns residual biscuit dough into new products, the report shows how value chain partners can collaborate to add value and mitigate food waste, working together towards common circular goals. The report further provides insights into the financial, accounting and legal aspects of valorising food waste and the organisational challenges of being circular in a linear world.