Minimizing waste with the circular economy
In contrast to the linear economy which is based on Make, Use and Dispose, the circular economy is characterized by Production, Recycle and Recovery where the whole system is designed in order to minimize waste and keep the materials in use for as long as possible.
In an ambitious approach to increase the efficiency of society the EU launched an action plan for the 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 key areas and biomass and bio-based products is one of them.
MBP has been focusing on recovery and recycling since we began and 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 our focus on re-use by: “turning one industry’s by-product into another industry’s raw material” .
The circular economy in action
This is an example of the circular economy in action in the omega-3 industry where by-product applications enable anaerobic digestion for the production of biogas and the substitution of virgin fish oil in the production of aqua feed for aquaculture. MBP has developed a number of new uses of by-products over the years in this industry together with our partners and continues to innovate across the circular economy in many different industries.
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MBP’s many different experts will work with manufacturers’ technical people in order to understand how the by-products arise and to develop a suitable by-product strategy: a strategy that will optimise the potential of the individual waste and by-product streams in both the short and the long term.