Technologies Enabling Circular Economy

Technologies Enabling Circular Economy

Transition to a circular economy is vital to mitigate resource scarcity and climate change threats for a sustainable future

RELEASE DATE
30-Sep-2019
REGION
Global
Research Code: D8DB-01-00-00-00
SKU: EN01155-GL-MR_23656

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Description

The growing scarcity of natural resources, along with the harmful environmental impacts of emissions and discarded materials in the landfills and water bodies are the pressing current challenges faced globally. This has warranted the need to adopt circular economy (CE) principles, over the prevailing linear economy models, in every stages of the supply chain of any industry. Circular economy offers an alternative strategy to recover resources and return them to production as part of a sustainable future. Circular economy presses on staging out waste and pollution, retaining products and materials in use, and regenerating natural systems. The emphasis on retaining and recycling resources highlights one significant element: how to better recover, return, and utilize materials currently collected as wastes to encourage circularity. The “3Rs” (reduce, reuse and recycle) is a dated approach for improving resource efficiency whereas circular economy emphasize the need to integrate such strategies upfront during the design stage in order to achieve complete circularity of resources. In the last decade, circular economy principles were largely focused on recycling of consumer products such as plastic bags and plastic bottles, mainly focused on curbing the harmful environmental impacts. A focus shift is witnessed toward adopting technologies that enable the recovery and reuse of resources, from end-of-life products that pose supply chain risks owing to limited availability. A good example is the increasing consumption of consumer electronics such as mobile phones and laptops and the increase in the interest for batteries for electric vehicles (EVs) and energy storage. This research study focuses on four key areas where resource recovery can play a vital role in achieving cost savings, mitigating supply chain risks, and improving the overall sustainability. This includes water and wastewater treatment for resource recovery and reuse, capture of carbon emissions for reuse, electronic waste (e-waste) and batteries recycling, and food and agro waste upcycling.

Table of Contents

1.1 Research Scope

1.2 Research Process and Methodology

1.3 Key Findings

2.1 Circular Economy will Lead to Waste Reduction, Greater Resource Productivity, and a More Competitive Global Economy

2.2 Linear supply chain vs Circular Economy

2.3 Technological Advancements Along with Socio-Institutional Change is Vital for Circular Economy Transition

2.4 Circular Economy Offers Benefits at Both Operational as well as Strategic Levels

2.5 A Strong and Supportive Regulatory Environment is Vital to Overcome Barriers to Adoption

2.6 Resource Recovery to Mitigate the Growing Threat to Resource Scarcity is the Key Circular Economy Strategy Adopted

3.1.1 Recovery of Biosolids for Use as Biofertilizers or Nutrient Feedstock from Wastewater Treatment Facilities

3.1.2 Recovery of Dry Solids and Potable Water from Livestock Waste

3.1.3. Zero Liquid Discharge in the Dairy Industry Along with the Growth of Microalgae

3.2.1 Atmospheric Carbon Dioxide Capture for Cultivation of Algae

3.2.2 Production of Nanotubes Using Carbon Captured from the Atmosphere

3.2.3 Advanced Materials that Enables Selective Separation of Carbon Dioxide Resulting in Reduced Carbon Capture Costs

3.3.1 Environmentally Sustainable Alternative Approach to Extract Precious Metals from e-waste

3.3.2 Extraction of Precious Metals from e-waste using Microorganisms

3.3.3 Refurbishing End-of-life EV Batteries for Energy Storage Applications

3.4.1 Upcycling Residual Food Flows into 3D Printed Food

3.4.2 Biodegradable Packaging and Animal-Free Leather Made from Agro Waste

3.4.3 Agricultural Waste Utilization for Electricity Generation Using Advanced Thermal Process

4.1 Resource Recirculation Principle Adopted by Ricoh Enables them to Reduce Environmental Impact

4.2 Key Circular Economy Strategies Adopted by Renault Across its Businesses

4.3 Circular Economy Strategies Adopted by Philips and Trina Solar

5.1 Strategic Insights

6.1 Key Industry Contacts

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Related Research
The growing scarcity of natural resources, along with the harmful environmental impacts of emissions and discarded materials in the landfills and water bodies are the pressing current challenges faced globally. This has warranted the need to adopt circular economy (CE) principles, over the prevailing linear economy models, in every stages of the supply chain of any industry. Circular economy offers an alternative strategy to recover resources and return them to production as part of a sustainable future. Circular economy presses on staging out waste and pollution, retaining products and materials in use, and regenerating natural systems. The emphasis on retaining and recycling resources highlights one significant element: how to better recover, return, and utilize materials currently collected as wastes to encourage circularity. The “3Rs” (reduce, reuse and recycle) is a dated approach for improving resource efficiency whereas circular economy emphasize the need to integrate such strategies upfront during the design stage in order to achieve complete circularity of resources. In the last decade, circular economy principles were largely focused on recycling of consumer products such as plastic bags and plastic bottles, mainly focused on curbing the harmful environmental impacts. A focus shift is witnessed toward adopting technologies that enable the recovery and reuse of resources, from end-of-life products that pose supply chain risks owing to limited availability. A good example is the increasing consumption of consumer electronics such as mobile phones and laptops and the increase in the interest for batteries for electric vehicles (EVs) and energy storage. This research study focuses on four key areas where resource recovery can play a vital role in achieving cost savings, mitigating supply chain risks, and improving the overall sustainability. This includes water and wastewater treatment for resource recovery and reuse, capture of carbon emissions for reuse, electronic waste (e-waste) and batteries recycling, and food and agro waste upcycling.
More Information
No Index No
Podcast No
Author Vijay Wilfred
Industries Environment
WIP Number D8DB-01-00-00-00
Is Prebook No