Tag Archives: circular economy

Schneider Electric Earns Fourth Sustainability Lighthouse Recognition, Leading the Industry in Environmental Innovation

(IN BRIEF) Schneider Electric has earned its fourth Sustainability Lighthouse recognition, with the Wuxi factory in China joining the company’s other global locations in Hyderabad, Lexington, and Le Vaudreuil. This accolade recognizes the company’s significant efforts in reducing emissions and … Read the full press release

Siemens Mobility Achieves High Sustainability Alignment with 86% Taxonomy Rating for 2024

(IN BRIEF) Siemens Mobility has achieved a remarkable 86% alignment with the EU Taxonomy for fiscal year 2024, showcasing its commitment to sustainability and climate change mitigation. With 100% Taxonomy eligibility across its entire portfolio, the company demonstrates its role … Read the full press release

Solvay and Hankook Partner to Develop Circular Silica for Sustainable Tire Production

(IN BRIEF) Solvay and Hankook have signed a Memorandum of Understanding (MOU) to develop circular silica derived from biosourced and waste materials for tire production. This collaboration leverages Solvay’s expertise in silica and Hankook’s manufacturing capabilities to advance sustainable tire … Read the full press release

EIB and Cunext Collaborate to Enhance Circular Economy with €30 Million Investment in Copper Recycling Plant

(IN BRIEF) The European Investment Bank (EIB) and Andalusian company Cunext have partnered on a €30 million loan to build a copper recycling plant in Córdoba, Spain, using advanced electrolysis technology. The facility will produce high-purity copper cathodes from recycled … Read the full press release

Toyota Expands Open Labs Program to Drive Startups in Sustainable Mobility Solutions

(IN BRIEF) Toyota Motor Europe has launched a second cohort of the Toyota Open Labs initiative, aiming to connect startups with Toyota’s business units to foster innovations in sustainable mobility. The program focuses on six key areas, including BEV energy … Read the full press release

Evonik Unveils Bold Innovation Strategy to Drive €1.5 Billion Growth Through Sustainability

(IN BRIEF) Evonik has launched a new innovation strategy aimed at generating €1.5 billion in additional sales by 2032. The strategy focuses on three key areas: bio-based solutions, the energy transition, and the circular economy. These initiatives will help drive … Read the full press release

SUEZ Invests in Purple Alternative Surface to Scale Up Plastic Recycling for Sustainable Paving Solutions

(IN BRIEF) SUEZ has made a strategic investment in French start-up Purple Alternative Surface, aiming to expand its production of permeable paving solutions made from non-recycled plastic waste. With SUEZ’s support, Purple will increase its production capacity to 200,000 m² … Read the full press release

Siemens and Boson Energy Partner to Transform Non-Recyclable Waste into Green Hydrogen

(IN BRIEF) Siemens AG and Boson Energy have signed a Memorandum of Understanding to collaborate on converting non-recyclable waste into clean hydrogen energy. Utilizing Siemens’ advanced technology and consultancy services, including automation and digitalization from the Siemens Xcelerator portfolio, the … Read the full press release

TotalEnergies Expands Sustainable Lubricant Production with Tecoil Acquisition

(IN BRIEF) TotalEnergies has acquired Finnish company Tecoil, a leader in producing Re-Refined Base Oils (RRBOs) through an efficient used oil regeneration process. Tecoil operates a 50,000-ton RRBO facility in Finland and has developed a circular economy network for collecting … Read the full press release

Multilateral Development Banks Unveil Shared Vision for Circular Economy at WCEF 2024

(IN BRIEF) During the World Circular Economy Forum (WCEF) 2024, Multilateral Development Banks (MDBs) revealed their collaborative vision on the role of MDBs in advancing the circular economy. Emphasizing the significance of circularity in achieving sustainable and equitable development, MDB … Read the full press release

Borealis Invests €4.5 Million in Porvoo Cracker Furnaces to Boost Circular Economy Efforts

(IN BRIEF) In a bid to accelerate the transition towards a circular economy, Borealis has announced a significant investment of EUR 4.5 million in the cracker furnaces of its Porvoo site. This investment aims to increase the utilization of renewable … Read the full press release

Borealis Achieves FDA Approval for Borcycle™ M Post-Consumer Recycled Plastics in Food-Grade Packaging

(IN BRIEF) Borealis has received Letters of No Objection (LNOs) from the US Food & Drug Administration (FDA) for specific grades of its Borcycle™ M post-consumer recycled plastics (PCR) to be used in food-grade packaging. This milestone underscores Borealis’ commitment … Read the full press release

Austrian Industry Giants Spearhead Carbon-Based Value Chain Transformation

(IN BRIEF) Austrian companies Holcim, Verbund, OMV, and Borealis have wrapped up the C2PAT demonstration plant project, aiming to produce carbon-based products from unavoidable CO2 emissions. Instead of a joint pilot plant, each company plans to develop industrially upscaled plants … Read the full press release

Circular Mobility: Orange Business’ Comprehensive Solution to Reduce Telecom Carbon Impact

(IN BRIEF) Orange Business has launched “Circular Mobility,” an initiative aimed at reducing the carbon footprint associated with telecom usage. This offering covers various aspects of the mobile fleet lifecycle, including equipment, connectivity, and services, and incorporates sustainable mobile phones, … Read the full press release

BASF to Lead Battery Recycling Efforts for Iveco Group’s Electric Vehicle Fleet

(IN BRIEF) Iveco Group (EXM: IVG) has partnered with BASF (FWB: BAS), a leading global chemical company, to implement a recycling solution for lithium-ion batteries used in Iveco Group’s electric vehicles. This collaboration is in line with Iveco Group’s circular … Read the full press release

Repsol Launches Circular Economy Initiative with 176 Collection Points for Used Cooking Oil in Galicia

(IN BRIEF) Repsol has launched a sustainable initiative in collaboration with the Galician regional government, introducing 176 collection points for used cooking oil at its service stations across Galicia, Spain. The collected oil will be converted into 100% renewable fuels … Read the full press release

France’s Textile Recycling Revolution: Nouvelles Fibres Textiles Launches Automated Plant

(IN BRIEF) Nouvelles Fibres Textiles, in partnership with Pellenc ST and ANDRITZ, has inaugurated France’s first automated textile recycling plant. This pioneering facility, launched on November 30, 2023, marks a significant step toward a circular economy for textiles. The plant’s … Read the full press release

Construction Leader Hilti Adopts SAP’s Circular Economy Tool for Resource Optimization

(IN BRIEF) SAP has revealed that The Hilti Group, a leading provider of hardware, software, and services to the construction industry, is using the Circelligence solution to enhance its resource circularity. Developed with Boston Consulting Group (BCG), the tool is … Read the full press release

Leading Pulp Producer Södra and Lenzing Win ITMF Award for Circular Textile Innovations

(IN BRIEF) The Lenzing Group and Swedish pulp producer Södra have received the ITMF Award 2023 in the “International Cooperation” category for their collaborative efforts in textile recycling and the circular economy. This recognition was presented at the ITMF Annual … Read the full press release

Infineon’s OPTIGA™ Authenticate Solutions Support Circular Economy by Enhancing Electronic Device Authentication and Spare Parts Verification

(IN BRIEF) Infineon Technologies AG’s OPTIGA™ Authenticate product family is contributing to the concept of a circular economy by enabling electronic device authentication and spare parts verification. With over 57.4 million tons of electronic waste generated annually, efficient resource utilization … Read the full press release