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…