PATHWAYS TO A CIRCULAR ECONOMY - Port of Rotterdam
PATHWAYS TO A CIRCULAR ECONOMY - Port of Rotterdam
PATHWAYS TO A CIRCULAR ECONOMY - Port of Rotterdam
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Pathway to a circular economyStage 3 New markets come upIn stage three, the norm has shifted. The use <strong>of</strong> alternativepractices reaches a size that demands new infrastructureand new markets. In the emerging circular economy, flows<strong>of</strong> by-products are subject to technological innovation thatenables 1) further catabolism/separation <strong>of</strong> componentsinto raw material, and 2) higher value application <strong>of</strong> byproductsin other chains. Recycling is the norm and wasteis near zero.Stage 4 The circular economy emergesIn the final stage, the system has transitioned to a stagewhere new technologies, concepts and markets havereplaced older ones. In the circular economy, businessesfind ways to eliminate waste and use all by-products in anefficient manner, either within the same supply chain orthrough partners in different chains.35/73PORT OF ROTTERDAM / RABOBANK<strong>PATHWAYS</strong> <strong>TO</strong> A <strong>CIRCULAR</strong> <strong>ECONOMY</strong>