In contrast to the linear economy which is based on “take, make, use and dispose of”, the circular economy is characterized by reducing, reusing, recovering and recycling residues and keeping resources in use for as long as possible.
In an ambitious approach to increase the efficiency of society, the EU launched an action plan for a circular economy in Europe. This involved developing relevant legislation to enable circular economy practices as well as supporting and incentivizing development in the area. The EU action plan highlights five priority sectors and biomass and bio-based products are one of them.
MBP has been focusing on recovery and recycling from the outset, and we are proud that our aims are so aligned with the political agenda in Europe. Among the shared targets are MBP’s focus on eliminating landfilling and enabling recovery and recycling by: “turning one industry’s by-product into another industry’s raw material” .