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Closing The Loop On Steel: Lessons From Ecuador.pdf

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Preview of Closing the Loop on Steel: Lessons from Ecuador
🔗 Source: waynevisser.com
📊 Size: 90 KB
📄 Pages: 2 pages
⬇️ Downloads: 31

Summary

what we can learn from a manufacturer in Ecuador" (The Guardian, 20 November 2014), argues that extractive companies should transition to resource stewards, embracing the circular economy. The steel industry, despite being 100% recyclable, struggles to close the loop due to persistent reliance on raw materials. Ecuador's Adelca, a steel manufacturer, offers lessons in this transition:

1. Investment in recycling technology: Adelca installed an electric arc furnace (EAF) to produce steel from recycled scrap, saving resources and reducing emissions. This required substantial investment but offered significant financial returns.

2. Stimulating and organizing recycling sector: Adelca established a Recyclers Network, creating jobs and contributing to the national economy by avoiding raw material imports.

3. Waste management: Adelca installed a bio-digester to convert organic waste into methane gas and fertilizer, improving community relations.

Challenges in this transition include accessing financial capital and effectively communicating human and social capital benefits.

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Description

Steel industry, employing 50M, produced 1.6Bn tonnes in 2013. Transition to recycling crucial due to resource scarcity and rising prices.

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  • File Format: PDF
  • File Size: 90 KB
  • Pages: 2
  • Language: EN
  • Total Downloads: 31
  • Last Updated: 1 week ago

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