A circular economy is an attractive and viable alternative that businesses have already started exploring today. It aims to decrease the environmental impact of material usage by enhancing their life cycle by circulating higher value-added products and services. Adopting circular economy requires an extensive systemic change.
In circular economy focus is on practices such as maintenance, reuse and remanufacturing of equipment. Products are designed so that its materials are separable and recyclable. People and industry share products and services instead of owning them. Digitalisation boosts the development. The starting point is the optimization of value circulation, not only the prevention of waste generation.
The Circular Economy activities of CLIC Innovation aim at supporting companies to get new business opportunities of providing and utilizing systemic resource efficient solutions for the recovery and circulation of the value potential of materials, products and services. The target setting includes the following aspects:
- More sustainable valorization of side streams and waste streams
- Redesigning value chains and ecosystems in circular economy
- Extending lifetime and utilization degree of products