Nationwide, December 1, 2015: The United States Materials Marketplace project, a groundbreaking company-led “waste-matching” initiative led by the U.S. Business Council for Sustainable Development (US BCSD), Corporate Eco Forum (CEF) and the World Business Council for Sustainable Development (WBCSD), was selected as a finalist in The Circulars Awards 2016 under the “Circular Economy Digital Disruptor” category. The Circulars, the world’s premier circular economy award program, offers recognition to individuals and organizations from commerce and civil society across the globe that have made a notable contribution to driving circular economy principles.
The project, piloted in the summer of 2015, sought to assess the feasibility of a national “Materials Marketplace” to match traditional and non-traditional industrial waste streams with new product and revenue opportunities. 23 major companies participated in the first phase of the pilot, representing 78 industrial facilities across the U.S. The project plans to expand to over 100 participating organizations in the US, and scale to other regions through combined organizational networks by the end of 2016.
The results reveal significant opportunities to eliminate corporate waste and by-product streams. From June through August 2015, participants uploaded 2.4 million tons of underutilized materials to the marketplace, and sought 59 materials via a unique “wishlist” function. The Marketplace team, leveraging more than two decades of experience, recommended 68 matches and initiated 19 transactions.
A comprehensive report presenting the outcomes, challenges, lessons learned and path forward for the U.S. Materials Marketplace pilot is available at http://materialsmarketplace.org.
By participating in the Materials Marketplace, companies can lower operational costs and waste disposal expenses while reducing energy consumption and GHG emissions. Additionally, they will spend less for raw materials, create new business opportunities and jobs to implement them, and join a respected collaborative network of diverse like-minded companies that are eager to explore new pathways to more efficient production and environmental protection.
Companies participating in the 2015 U.S. Materials Marketplace pilot project include: Armstrong World Industries, CH2M, BASF, Dow Chemical, Essroc, Fairmount Santrol, General Motors, Goodyear, Greif, LafargeHolcim, Nike, Novelis, Procter & Gamble, Swisstrax, Tetra Pak, Veolia, Waste Management, and others. In 2014, these companies accounted for over $600 billion U.S. in revenue, operated over 600 facilities in the U.S., and employed over 1.7 million people worldwide.