This fall, The Chung-Hua Institution of Economic Research (CIER) supported by the Industrial Development Bureau (IDB) held the Link and Loop Circular Business Model Workshop in partnership with the Carbon Trust.
Creating Circular Supply Chains
Speakers from Phillips, IKEA, Unilever shared their CE business models with participants. Over 33 different businesses including Taipower, Taisugar, China Steel, Acer, TCI, Tetra Pak, Kimberly-Clark, AkzoNobel and more attended. Over the course of the day they learned how to spark circular creativity across their entire value chain.
One participating company, Sea Way Technology, a nano-pyrolysis and waste to fuel processing company not only joined the workshop, but had its business model analyzed to clarify strengths and identify areas to improve circularity.
Growing Waste Challenges
The world generates over 1.3 billion tons of waste per year, and is projected to rise to 2.2 billion tons by 2025. Existing waste management solutions, like landfill or incineration, to this growing impact all have limitations.
Landfills take up valuable land and can leak waste into the environment or release methane emissions. Traditional waste incineration is costly, less efficient in generating energy, and often emits harmful dioxin gases.
Can Nano-Pyrolysis Offer A Solution?
While pyrolysis has been around for a while, the technology struggled with emissions and product quality issues. Sea Way is confident that its proprietary nano-pyrolysis technology, called Osema Drive, represents a breakthrough for the technology. This new technology utilizes nano-catalysts to efficiently process a variety of waste streams at relatively low temperatures with zero-emissions in production scale. This differs dramatically from not only traditional waste processing, but even types of modern pyrolysis.
Founded in Taiwan in 2012, Sea Way Technology develops innovative technology to remedy environmental hazards. About Sea Way’s work Dr. Paichun P. Chang said “We believe new technologies can refine waste, turn refuse into valuable materials and energy to achieve true sustainability.”
Pyrolysis works without combustion to turn a diverse array of waste into fuel. This method eliminates many of the problems of traditional incineration. By restructuring the carbon chains of organic waste, Sea Way’s nano-pyrolysis produces ready-to-use diesel fuel, gas, and carbon black as end products.
With ongoing projects with major tire manufacturers, waste management companies, and island countries, this young company is off to a promising start. To bring its solution to other countries, the company has teamed up with Greenway Revolution, a Singapore-based firm, to accelerate globalization efforts. Greenway Revolution is already in talks with interested parties in Southeast Asia, Europe, and the US.
While the technology itself enables a circular economy by creating opportunities for co-product and resource recovery, there are opportunities to do even more, as Sea Way learned at the workshop. By turning the system itself into a circular product, such as through increasing durability, offering take-back and maintenance schemes, or through innovative leasing, Sea Way can push the envelope further for the circular economy.
For more information check the workshop here
Source: PR Newsaire
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