Circular Economy News — Week 26

Summary about last week (26)

1. Oil Giants BP, Shell, and ExxonMobil Invest in Circular Economy with $20 Billion Annually 🌍
2. TOMRA and Carbios Partner to Develop Textile Recycling Solutions for 20 Million Tons of Waste Annually 👕♻️
3. Green Dot Holding Reports €3.5 Million Loss in Second Half of 2022 Amid Rising Costs 📉
4. Remondis Secures €15.4 Million Waste Management Contract in Poland, Increasing by 18% ♻️
5. EVS Plans Long-term Sludge Management and Phosphorus Recovery for 650,000 Cubic Meters Annually Until 2035 in Saarland 💧
6. Derichebourg Unveils New Cable Recycling Plant in France with 99.9% Copper Recovery, Processing 20,000 Tons Annually 🔄
7. HC Starck Tungsten Develops New Recycling Process for Black Mass, Reducing Waste by 70% 🔬
8. Thommen Group Expands European Presence with Acquisition of Italian Stainless Steel Recycler Rizzinox 🇮🇹
9. Nearly 40,000 Tons of Agricultural Plastics Recycled in 2023, Advancing Sustainable Farming Practices 🌽♻️

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1. Oil Giants BP, Shell, and ExxonMobil Invest in Circular Economy with $20 Billion Annually 🌍

In a recent report by Global Data, major oil companies like BP, Shell, and ExxonMobil are investing heavily in the circular economy. These initiatives focus on sustainability and reducing their environmental footprint.

• Major oil companies are transitioning towards the circular economy, emphasizing sustainability.
• These companies are investing $20 billion annually in recycling and waste management technologies.
• Aiming to reduce carbon emissions by 15% by 2030 and manage waste more effectively.
• Collaborative efforts are highlighted as crucial in achieving these environmental goals.
• Future projections indicate a continuous increase in green investments by these oil giants.

In conclusion, the commitment of these oil majors to the circular economy represents a significant step towards a sustainable future.

🔗 source

2. TOMRA and Carbios Partner to Develop Textile Recycling Solutions for 20 Million Tons of Waste Annually 👕♻️

TOMRA and Carbios have announced a partnership to develop innovative solutions for textile recycling, focusing on improving the sustainability of the fashion industry.

• The collaboration will leverage TOMRA’s expertise in sorting technologies and Carbios’s enzymatic recycling process.
• The partnership aims to address the growing issue of 20 million tons of textile waste annually by creating a circular economy for textiles.
• Research and development efforts will be concentrated on improving the efficiency and scalability of textile recycling.
• The initiative aligns with the global push towards sustainable fashion and reducing environmental impact.

In conclusion, TOMRA and Carbios’s partnership represents a significant advancement in the textile recycling industry, offering promising solutions for sustainability.

🔗 source

3. Green Dot Holding Reports €3.5 Million Loss in Second Half of 2022 Amid Rising Costs 📉

Green Dot Holding GmbH & Co. KG faced significant financial challenges in the latter half of 2022, reporting a loss due to increased costs and declining recycling revenues.

• Revenue for the second half of 2022 was €150.7 million, with licensing revenues making up 82%.
• The net loss for the period was €3.5 million, impacted by rising LVP costs and falling recycling prices.
• The company reported a gross profit of €24.3 million and an EBITDA of €5.0 million.
• The total assets amounted to €334.7 million, with equity of €28.8 million.
• Cash flow from operations was €9.2 million, not sufficient to offset negative investment and financing cash flows.

In conclusion, Green Dot Holding’s financial results reflect the challenges posed by increasing operational costs and market pressures in the recycling sector.

🔗 source

4. Remondis Secures €15.4 Million Waste Management Contract in Poland, Increasing by 18% ♻️

Remondis has been awarded a new waste management contract in Sosnowiec, Poland, worth €15.4 million over two years, marking an 18% increase from the previous contract.

• The new contract is valued at €15.4 million, an 18% increase over the previous one.
• Remondis will manage waste for 175,000 residents and 2,400 businesses in Sosnowiec.
• The company collected 67,600 tons of waste from residents and businesses, plus 4,400 tons from a local collection point last year.
• Remondis MPGO Sosnowiec operates with 30 vehicles and 140 employees.
• Poland remains a key market for Remondis, with 60 locations across the country.

In conclusion, Remondis’s new contract in Poland underscores its growing presence and commitment to efficient waste management solutions.

🔗 source

5. EVS Plans Long-term Sludge Management and Phosphorus Recovery for 650,000 Cubic Meters Annually Until 2035 in Saarland 💧

The Entsorgungsverband Saar (EVS) plans to manage sludge treatment in Saarland until at least 2035, incorporating phosphorus recovery from 2029. This initiative aims to enhance environmental management and resource recovery.

• EVS will manage 650,000 cubic meters of sludge annually across 137 plants.
• The phosphorus content in the sludge averages 21 grams per kilogram of dry mass.
• EVS operates a sludge mineralization plant in Homburg, reducing sludge mass by 85%.
• A feasibility study recommends the construction of two rotary kiln plants by 2035.
• Current regulations prevent the use of sludge carbonates in Germany, unlike in other European countries.

In conclusion, EVS’s long-term sludge management plan aims to optimize resource recovery and adapt to evolving environmental regulations.

🔗 source

6. Derichebourg Unveils New Cable Recycling Plant in France with 99.9% Copper Recovery, Processing 20,000 Tons Annually 🔄

Derichebourg has inaugurated a state-of-the-art cable recycling facility in Northern France, capable of processing up to 20,000 tons of cables annually and achieving 99.9% copper purity.

• The new facility can process 20,000 tons of cables annually, producing copper granulate with 99.9% purity.
• Investment details were not disclosed, but the project was supported by Bpifrance.
• Derichebourg reported a 3.5% decrease in NE-metals recycling revenue to €776 million.
• The total recycling division’s revenue dropped by 5.5% to €1.63 billion in the first half of the fiscal year.
• The company faced a 27% decline in EBITDA due to a cyberattack and market conditions.

In conclusion, Derichebourg’s new facility represents a significant advancement in recycling technology, despite facing broader market challenges.

🔗 source

7. HC Starck Tungsten Develops New Recycling Process for Black Mass, Reducing Waste by 70% 🔬

HC Starck Tungsten has developed an innovative recycling process for black mass, aiming to enhance the efficiency and environmental sustainability of tungsten recovery.

• The new process enables the efficient recovery of tungsten from black mass.
• Environmental benefits include reduced waste by 70% and lower energy consumption compared to traditional methods.
• This innovation positions HC Starck Tungsten as a leader in sustainable tungsten recycling.
• The company plans to scale up the process for broader industrial application, enhancing resource efficiency.

In conclusion, HC Starck Tungsten’s new recycling process represents a significant leap forward in sustainable resource management.

🔗 source

8. Thommen Group Expands European Presence with Acquisition of Italian Stainless Steel Recycler Rizzinox 🇮🇹

The Thommen Group has expanded its operations by acquiring Rizzinox, an Italian company specializing in stainless steel recycling. This strategic acquisition strengthens Thommen Group’s position in the European recycling market.

• The acquisition aims to enhance Thommen Group’s capabilities in stainless steel recycling.
• Rizzinox is known for its advanced recycling processes and high-quality outputs.
• The move is expected to increase Thommen Group’s market share and operational efficiency in Italy.
• This acquisition aligns with Thommen Group’s strategy to expand its footprint in key European markets.

In conclusion, Thommen Group’s acquisition of Rizzinox marks a significant step in its growth strategy, promising improved capabilities and market reach.

🔗 source

9. Nearly 40,000 Tons of Agricultural Plastics Recycled in 2023, Advancing Sustainable Farming Practices 🌽♻️

In 2023, approximately 40,000 tons of agricultural plastics were recycled, showcasing significant progress in managing agricultural waste and promoting sustainability in the agricultural sector.

• The recycling efforts resulted in 40,000 tons of agricultural plastics being processed.
• This initiative helps to reduce environmental pollution and promotes circular economy practices in agriculture.
• The project highlights the importance of collaborative efforts between farmers, recycling companies, and regulatory bodies.
• Future goals include increasing the volume of recycled agricultural plastics and improving recycling technologies.

In conclusion, the successful recycling of agricultural plastics in 2023 marks a milestone in sustainable agriculture and waste management.

🔗 source

more articles:

1. Recycling Realities and Greenwashing Gimmicks: Unveiling the Multi-faceted Nature of Recyclability
2. Navigating CSR Reporting in the EU
3. Waste is not turning into Value
4. Understanding the European Supply Chain Act: A New Era of Corporate Responsibility
5. The Future of the Plastic Industry: Navigating Challenges and Seizing Opportunities

ABOUT THE AUTHOR

David Mattersdorfer
I would call myself a person who is interested in entrepreneurship, sustainability, knowledge-sharing and probably a few other things. I summed up my “big 5 for life” (very much recommend the book, if you do not know it) on my website (👇). After setting up some start-ups in the area of circular economy, combined with continuous curiosity, I decided to share some learnings, thoughts and questions here regularly. I would be happy if you let me know, what you think about them. Cheers!

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