Latest news with #circular economy
Zawya
3 days ago
- Business
- Zawya
Waste management reform expands with private sector involvement: Egypt's minister
Egypt's Minister of Environment, Yasmine Fouad, announced on Wednesday that the country's solid waste management system has witnessed significant progress in recent years, driven by close coordination between the government, parliament, and private sector. She revealed that Egypt's recycling rate has risen from 10% in 2018 to 37% in 2024, with plans to reach 60% by 2027. Speaking during a session of the Local Administration Committee in Parliament—chaired by MP Ahmed El-Sigini and attended by key ministers and officials—Fouad credited the Waste Management Law (Law 202/2020) as a cornerstone for introducing circular economy practices and expanding private sector involvement. 'When we began, there were only two private contracts in the recycling sector. Today, we have 36 contracts across the value chain—from collection and transportation to processing and recycling,' Fouad noted. She highlighted the growing role of the private sector in waste-to-energy projects, including landfill gas recovery and sludge-to-power generation. A government-approved feed-in tariff, coordinated with the ministries of electricity, housing, and local development, is expected to further incentivize investment in this area. Among the key projects mentioned were the landfill gas recovery initiative at the Salam landfill site and the sludge-to-energy conversion project at the Abu Rawash wastewater treatment plant. Addressing funding challenges, Fouad called for the full activation of financing mechanisms embedded in the law, including allocations from property taxes, surpluses from the Local Development Fund, and Extended Producer Responsibility (EPR) schemes. She pointed to the launch of Egypt's first EPR initiative in February, initially targeting single-use plastic bags and eventually expanding to packaging materials and metal products. These measures, she said, are expected to provide a consistent revenue stream for the waste management system. Fouad also highlighted the financial turnaround of the Waste Management Regulatory Agency, which has become an economic authority and recorded a surplus of EGP 45m. The minister reviewed progress in the signing and execution of waste collection and recycling service contracts across Egypt and addressed critical infrastructure needs in Giza and Qalyubeya governorates. Committee Chair El-Sigini congratulated Fouad on her recent appointment to a prominent international environmental post and praised her leadership in tackling Egypt's longstanding waste challenges. 'Parliament has been a committed partner in this journey since 2015,' he said, underscoring the importance of consolidating and expanding the gains achieved to ensure long-term sustainability.
Yahoo
6 days ago
- Business
- Yahoo
Alfa Laval joins consortium addressing Europe's water challenge
LUND, Sweden, June 16, 2025 /PRNewswire/ -- Alfa Laval is proud to announce it has joined the One Water consortium as a core partner to address water challenges, including water scarcity, droughts, floods, and marine and freshwater degradation. With its leading technological innovators, the One Water consortium is engaged in a bid to secure the European Institute of Innovation and Technology's (EIT) latest Knowledge & Innovation Community (KIC) focused on water. The EIT, a body of the European Union, is seeking a consortium to manage its new Water KIC, which will join nine existing KICs addressing themes like digitalization, energy, food, and health. The Water KIC will focus on three core challenges: scarcity, drought and floods; marine and freshwater ecosystem degradation; and developing a circular and sustainable blue economy. "By joining the One Water consortium, Alfa Laval is, for the first time, involved in a KIC bid that aligns perfectly with our mission to pioneer positive impact," says Eline Suijlen, Water Industry Manager in Alfa Laval's Food & Water Division. "Solving the water challenges is crucial for our planet. Europe is strong in concept development and patents for solutions but can do better in converting the solutions into business. The KICs are designed to do just this, take ideas and bring them to life. Alfa Laval brings both experience and expertise to the table." The One Water consortium brings together public sector partners such as universities and research centres, with Alfa Laval providing private sector expertise in corporate water stewardship and maritime water. Alfa Laval has had 10 representatives from across the company feeding into the consortium discussions ahead of the bid application, due 17 June 2025. The selection process for the winning consortia of the future Water KIC will take place in Q3 this year, with the final decision from the EIT expected by the end of the year. Read more: EIT Water ContactsJohan LundinHead of Investor Relations, Alfa LavalMobile: +46 730 46 30 Sara Helweg-LarsenHead of Communication, Alfa LavalMobile: +46 730 35 80 This is Alfa Laval The ability to make the most of what we have is more important than ever. Together with our customers, we're innovating the industries that society depends on and creating lasting positive impact. Alfa Laval is a leading global provider of first-rate products in the areas of heat transfer, separation and fluid handling. We're set on helping billions of people to get the energy, food, and clean water they need. And, at the same time, we're decarbonizing the marine fleet that is the backbone of global trade. We pioneer technologies and solutions that enable our customers to unlock the true potential of resources. As our customers' businesses grow stronger, the goal of a truly sustainable world edges closer. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets. Together, we're pioneering positive impact. Alfa Laval was founded 140 years ago, has customers in 100 countries, employs more than 22,300 people, and annual sales were SEK 66.9 billion (5.8 BEUR) in 2024. The company is listed on Nasdaq Stockholm. This information was brought to you by Cision The following files are available for download: Alfa Laval joins consortium addressing Europe s water challenges Corporate press release draft 20250616 Water KIC 16x9 1 View original content: SOURCE Alfa Laval Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
09-06-2025
- Business
- Globe and Mail
Northstar Clean Technologies Announces Participation in the 2025 Canadian Climate Investor Conference
Calgary, Alberta--(Newsfile Corp. - June 9, 2025) - Northstar Clean Technologies (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar"), an emerging waste to value enterprise that is currently commissioning its inaugural asphalt shingle reprocessing facility in Calgary, Alberta, announced today that it will be presenting at the 2025 Canadian Climate Investor Conference (CCIC), taking place on Wednesday June 11, 2025 at the Arcadian Court in Toronto, Ontario. For a complete agenda of the conference and to register, see the conference website here: About Northstar Clean Technologies Northstar is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives. About the Canadian Climate Investor Conference The Canadian Climate Investor Conference (CCIC), hosted by Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), brings together growth-oriented clean technology and renewable energy companies, and climate conscious investors, to share ideas and discover ways to accelerate the deployment of capital needed to build a more sustainable future for Canadians. The conference showcases clean technology investments and is designed to help democratize the ability for investors to participate in growing the clean technology ecosystem.
Trade Arabia
04-06-2025
- Business
- Trade Arabia
Lummus, InnoVent sign tyre pyrolysis technology deal
Lummus Technology, a global provider of process technologies and value-driven energy solutions, and InnoVent Renewables have signed a memorandum of understanding (MoU) to work toward licensing and deploying InnoVent's continuous tyre pyrolysis technology globally. 'This is another significant step in expanding and strengthening our portfolio for the circular economy,' said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology. 'By combining InnoVent's tyre recycling technology with Lummus' global licensing and engineering expertise, we will be addressing the global challenge of waste tires and creating new pathways for sustainable product development.' Under an agreement outlined in the MoU, once finally negotiated, Lummus would serve as the exclusive licensor for InnoVent's proprietary continuous tire pyrolysis technology, which converts end-of-life tyres into valuable products such as pyrolysis oil, gas, recycled carbon black and steel. Lummus would also act as the licensor for comprehensive technology packages that combine InnoVent's tire pyrolysis process with Lummus' downstream technologies to increase the value of fuel and chemical outputs. 'Partnering with Lummus has the potential to accelerate the global deployment of our technology and help us address the environmental and public health challenges of 1 billion end-of-life tires that are disposed of annually,' said Vibhu Sharma, Chief Executive Officer, InnoVent Renewables. 'Together, we can transform waste into valuable resources, reduce carbon emissions and support the transition to a more sustainable future.'
Yahoo
03-06-2025
- Business
- Yahoo
JOINT VENTURE FOR INNOVATIVE PLASTICS RECYCLING PROMOTES CIRCULAR ECONOMY IN THE CONSTRUCTION INDUSTRY
JOINT VENTURE FOR INNOVATIVE PLASTICS RECYCLING PROMOTES CIRCULAR ECONOMY IN THE CONSTRUCTION INDUSTRY Sika and Sulzer have signed a memorandum of understanding to establish a joint venture to advance plastics recycling in the construction industry. The aim is to combine the strengths of both companies: Sika's extensive expertise in polymer applications and high-performance building materials and Sulzer's leading process knowledge in chemical recycling. The joint venture, based in the Zurich area, will be founded as an independent company, with each partner holding a 50 percent stake. Operational activities will commence in the second half of 2025 with pilot projects in Germany, Austria and Switzerland. Approximately two million tons of plastic waste are generated in the European construction industry alone each year. Currently, recycling these complex materials is highly fragmented, technically demanding, and often inefficient. As a result, the majority of construction plastics are disposed by the end of their lifecycle, since existing mechanical recycling methods produce low-quality materials that are not suitable for reuse. PARTNERING FOR SUSTAINABLE TRANSFORMATION OF THE CONSTRUCTION INDUSTRY With this joint venture, Sika and Sulzer are developing a system for the collection, processing and reuse of construction plastics using mechanical and chemical processes. Ivo Schädler, Head of Construction Sika: "This joint venture represents a significant milestone on our path toward greater sustainability and circularity in the construction industry. By converting waste into high-quality raw materials, the project helps reduce Scope 3 CO₂ emissions. At the same time, it supports companies in meeting increasing ESG standards and unlocking new value creation streams. Together, we are making a decisive contribution to the sustainable transformation of the construction industry, and thus to the future viability of the sector and our customers." Michael Schüepp, Head of Ventures Sulzer: "Sulzer technologies are at the heart of critical infrastructures and processes. Our solutions enable industries around the world to reduce emissions, reuse resources and recycle materials. Global developments show that our products, services and technologies are more relevant than ever. The combination of Sulzer's and Sika's technologies is now paving the way for the construction industry to achieve a functioning circular economy and an even more sustainable future. We are supporting an important industry on its journey toward a more cost-effective, efficient, and low-emission future." The joint venture initiators Michael Schüepp, Head of Ventures at Sulzer, and Ivo Schädler, Head of Construction at Sika. Both companies are looking forward to jointly advancing the transformation of the construction industry towards greater sustainability. SYSTEMATIC RECYCLING OF CONSTRUCTION PLASTICSThe joint venture between Sika and Sulzer will close gaps in the value chain of the construction industry, and offer customers a comprehensive, cost-efficient service package. The offering will be complemented by local partners, such as logistics and recycling companies, which will be integrated into specific process steps. Recycled materials will thus be reincorporated into the manufacturing process. SIKA AG CORPORATE PROFILESika is a specialty chemicals company with a globally leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and industrial manufacturing. Sika has subsidiaries in 102 countries around the world and, in over 400 factories, produces innovative technologies for customers worldwide. In doing so, it plays a crucial role in enabling the transformation of the construction and transportation sector toward greater environmental compatibility. With more than 34,000 employees, the company generated sales of CHF 11.76 billion in 2024. SULZER CORPORATE PROFILESulzer is a leading international provider of critical applications for core infrastructures and processes in the world's most important industries. Sulzer's integrated solutions create value by enabling energy efficiency, the reduction of carbon emissions and pollution, and better process efficiency. Customers benefit from innovation, performance and quality from the responsive network of 160 world-class manufacturing facilities and service centers around the world. Sulzer has been headquartered in Winterthur, Switzerland, since 1834. In 2024, 13,500 employees generated sales of CHF 3.5 billion. Sulzer's shares are traded on the SIX Swiss Exchange (SIX: SUN). CONTACTDominik SlappnigCorporate Communications &Investor Relations+41 58 436 68 The media release can be downloaded from the following link: Media ReleaseSign in to access your portfolio
