Economy

More than simply recycling, circular economy is about capturing a larger part of the value that is typically lost in our traditional linear economic model. For Nynas, a circular approach is one of the things that separates us from regular oil companies.

Today’s manufacturing largely takes raw materials from nature and turns them into new products, which at the end of their lifespan are dumped into landfills, incinerated or at best recycled.

In a circular economy, on the other hand, as much as possible is reused, re-manufactured or, as a last resort, recycled back into a raw material or used as a source of energy. By identifying where waste is most prevalent in their value chains, companies can learn to close those loops to get more from the resources and materials they use.

Considering the impact of a product over the whole life cycle, including what happens at the end of its service life, is important. Only looking at the production or raw material provides just a part of the picture. The impact contribution from the use phase can be a significant share of the whole.