Circular Economy

Circular economy thrives on networking

Most of the solutions required to implement a circular economy across Australia already exist, they’re just locked up in research institutions. This was one of the encouraging messages from a NSW government-funded initiative, which got under way at the beginning of April in Sydney.

Hosted by the University of NSW Business School and driven by the office of the NSW chief scientist and engineer, the NSW Circular Economy Innovation Network got off to an encouraging start with a stakeholders meeting, which drew an impressive turnout from businesses across the state.

Panellists at the meeting described a range of initiatives already under way, all of which proved the ethos that one company’s waste in another company’s raw materials.

“There’s no such thing as waste in nature. Procurement managers need to be able to buy these waste streams the same way they procure virgin materials,” said Paul Klymenko, Planet Ark founder.

One company that has been particularly proactive in seeking out opportunities is Newcastle-based manufacturer Moly-Cop, which has tapped in to  opportunities as diverse as coffee machine pods (using the grounds as fuel and extracting aluminium from the pods), extracting plastics from e-waste streams and extracting steel bracing from car tyres recovered from landfill.

“We look for ways to create commerce. If there was one conclusion from the meeting, it was that collaboration will be the key to establishing a circular economy. And collaboration is best between disparate parties,” said Ian Hudson, manager of the Industry Capability Network.