Circular Economy: Design, Consume, Recycle - The high road to environmental sustainability
The circular economy could be a practical solution to the planet's emerging resource problems, where emerging markets create perfect business opportunities for industries of different expertise and engagement: From fashion industry, which engages in sustainability by offering discounts to customers for bringing in their old clothes to stores in exchange for a rebate on new clothes, to beverage manufactures such as Coca-cola for the re-usable bottles, all the way to niche market such as rubber recycling.
At first glance it is almost awkward to associate tires with "sustainability", "re-usage", and "environmental benefits". The key factor lies in the fact that most of us do not think of rubber as a commodity and hence ignore the endless possibilities of rubber re-usage.
To drive this notion by an example, let me ask you the following questions: Did you know that tires can be reduced down to rough shreds and burned in cement kilns? You could also recycle tires into crumb rubber down to 6-2 mm and use it for production of various molded goods. In case you would like to add more value into your production line and expand into other industries, you could produce rubber powder (smaller than .085mm), which can then be compounded and chemically modified into new properties.
This has probably never crossed your mind, which does not come as surprise, since this is a niche market that has not yet been exploited. Before we break down the possibilities in the tire recycling business, let's first look closer into circular economy and the meaning behind this term.
The Guardian (Perella, 2014), featured an article on 10 things you need to know about circular economy.
1. Why do we need one? 2. It is more than just recycling 3. Celebrities are shouting about it 4. The economics are stack up 5. Business leadership 6. Government intervention 7. It will change how we consume 8. New skills, please 9. Expect disruption 10. The UK is 19% circular
In case you would like to deepen your knowledge on either of the 10 points, please visit the following website: http://www.theguardian.com/sustainable-business/10-things-need-to-know-circular-economy